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Explaining the Fed's 'Operation Twist' with diamonds

Jun 26, 2012
The Federal Reserve's most recent policy move is simply a way of driving down interest rates. But how does it work? Sr. Producer Paddy Hirsch explains Operation Twist with a simple analogy.
Posted In: Fed, treasury, Operation Twist, Federal Reserve, Treasuries, interest rates, whiteboard

Why is Spain causing so much pain?

Jun 20, 2012
Spain's debt costs are rising and some fear the nation may soon need a full-scale bailout. Sr. Producer Paddy Hirsch explains the big problem with Spain, using a housing analogy.
Posted In: spain, Europe debt crisis, Eurozone, whiteboard

Why a bank run is bad

Jun 1, 2012
A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy.
Posted In: bank, Banks, Europe debt crisis, FDIC, Lehman Brothers, bank run, whiteboard

What's an index of credit default swaps?

May 11, 2012
Big bets on an obscure index lay at the heart of JPMorgan's losses this week. Sr. Producer Paddy Hirsch explains how an index of CDS works.
Posted In: credit default swaps, index, JPMorgan, whiteboard

Assets: What are they anyway?

May 9, 2012
Surely you've heard the term assets -- they can be toxic, liquid, or tangible. Sr. Producer Paddy Hirsch explains what the word “assets” really means.
Posted In: assets, whiteboard

How to start investing for retirement in your 50s

Apr 27, 2012
In our weekly letters segment, CBS MoneyWatch Editor-at-Large Jill Schlesinger discusses retirement investing strategies for late-starters.
Posted In: Investing, retirement planning, paddy hirsch, jill schlesinger, whiteboard

FDIC spells a good, sound sleep for savers

Apr 26, 2012
Seventeen banks have failed so far this year, but their customers can rest easy -- thanks to the Federal Deposit Insurance Corporation, as Sr. Producer Paddy Hirsch explains.
Posted In: FDIC, Banks, small banks, failure, insurance, whiteboard

Shadow banking: Still a threat

Apr 16, 2012
Shadow banking has grown since the financial crisis. Sr. Producer Paddy Hirsch casts a light on the system and explains why it's so dangerous.
Posted In: shadow banking, Banks, banking, whiteboard

The role of a fiduciary

Mar 22, 2012
Sr. Producer Paddy Hirsch explains the responsibilities of a fiduciary with a taxi metaphor.
Posted In: fiduciary, Investing, assets, whiteboard

Explaining insider trading

Mar 8, 2012
Lawmakers are considering yet another bill to ban insider trading. But the term "insider trading" seems open to interpretation. Senior Producer Paddy Hirsch helps us understand what it is and why it's a big deal.
Posted In: insider trading, Wall Street, traders, whiteboard

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About this collection

Financial mysteries explained by Paddy Hirsch's Whiteboard series.