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Explaining what blind trust is with sausages

Aug 17, 2012
Presidential hopeful Mitt Romney says he put his investments in a blind trust to avoid any conflict of interest. So what exactly is a blind trust? Sr. Producer Paddy Hirsch explains with a sausage factory analogy.
Posted In: Investing, blind trust, Mitt Romney, whiteboard

What's a floating-rate note and how does it work?

Aug 6, 2012
The Treasury Department is planning to roll out a floating-rate note program in about a year. But what is a floating-rate note and why do we need one? Sr. Producer Paddy Hirsch explains with a boat analogy.
Posted In: Treasuries, interest rates, floating-rate, Investing, whiteboard

Eurobond: An explainer

Jul 10, 2012
What exactly is a Eurobond and why are so many people interested in having them? Sr. Producer Paddy Hirsch explains with a little help from the three little pigs.
Posted In: eurobond, explainer, whiteboard

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

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About this collection

Financial mysteries explained by Paddy Hirsch's Whiteboard series.