Paddy Hirsch is a Senior Editor at Marketplace. He is the author of the book Man vs Markets, Economics Explained, Pure and Simple, and he is the creator and host of Marketplace Whiteboard, a video explainer of financial and economic terms.

Hirsch joined Marketplace in 2007, just as the credit crunch that preceded the 2008 financial crisis began to take hold.  As editor of the New York Bureau and the entrepreneurship desk, he spearheaded Marketplace’s financial markets coverage throughout the crisis and as the economy fell into recession. He was awarded a Knight Fellowship at Stanford University in 2010, and he returned to Marketplace in July of 2011, when he was appointed Senior Producer of Marketplace Money. He published his first book, Man vs Markets, in August 2012.

Hirsch got his start in journalism with an internship at the BBC in Glasgow, Scotland. He became a field producer for CNBC in Hong Kong and later was a consultant to the Open Broadcast Network in Bosnia. He has been an editor for Direct Capital Markets, Institutional Investor Newsletters, Standard & Poor’s, and the Vietnam Economic Times. Prior to becoming a journalist, he served as an officer in the Royal Marines.

Hirsch attended Campbell College in Belfast and received a bachelor’s degree in French and International Studies from the University of Warwick. He is a Knight Fellow and was a Webby honoree in 2009.

 

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Features by Paddy Hirsch

Whiteboard: Counterparty risk

Europe is teetering on the edge of a credit crisis, and markets all around the world are tumbling as investors worry about contagion. It's all about banks not trusting each other, as Senior Editor Paddy Hirsch explains.
Posted In: whiteboard

SEC goes after Goldman

Lots of people are puzzling through the SEC's fraud allegations against Goldman Sachs, trying to work out how it allegedly committed fraud. The way Paddy Hirsch sees it, it's a bit like a bookie and gambler teaming up to fix a horse race.
Posted In: whiteboard

Question on banks lending

From: Howard Goldberg Sent: Monday, April 12, 2010 9:31 PM To: Hirsch, Paddy Subject: Your White Board Explanations are great and fun....I...
Posted In: Banks, lending, whiteboard

Fannie, Freddie and the Fed

The Federal Reserve said this week it will no longer buy mortgage backed securities from Fannie Mae and Freddie Mac. Some people worry mortgage rates could rise as a result. Senior Editor Paddy Hirsch explains why.
Posted In: whiteboard

Cov-lite loans are back

Lyondell Chemical issued the fist covenant-lite loan since the financial crisis subsided. Senior editor Paddy Hirsch explains what a cov-lite loan is, and why their return could be bad for the economy
Posted In: whiteboard

CLOs

Collateralized loan obligations are back! Paddy Hirsch explains what CLOs are, and why they're important.
Posted In: whiteboard

Repo 105

It's the title of a dubious financing transaction that Lehman Brothers used in 2008 to make its balance sheet look healthier than it really was. Senior Editor Paddy Hirsch takes a stab at explaining how Repo 105 worked.
Posted In: whiteboard

Subprime: A meaty explanation

The Federal Housing Administration is being criticized for underwriting subprime loans, which critics say could lead to another wave of loan failures. Senior Editor Paddy Hirsch explains subprime lending and its inherent risks.
Posted In: subprime, whiteboard

PIIGS

Five little PIIGS. Senior Editor Paddy Hirsch explains why problems with certain European countries' sovereign debt could blow the house down.
Posted In: whiteboard

How the big banks make the big bucks

We keep hearing the banks aren't lending. The truth is they are lending, and making a lot of money doing it, thanks in large part to one very special borrower. Senior Editor Paddy Hirsch reports.
Posted In: whiteboard

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