Marketplace for Monday, June 29, 2009

Episode Description 

Michael Lewis on the fall of Wall Street

Michael Lewis, author of "Liar's Poker," talks with Kai Ryssdal about the end of Wall Street's golden years and who and what he thinks are to blame for today's fiscal calamity.

Debt wasn't always the enemy

The subprime mortgage debacle has given debt a bad rap lately. But there was a time when borrowing money helped establish a strong middle class. Stephen Smith reports.
Posted In: Economy, Housing, Investing

The fireworks show must go on

Some cash-strapped cities and towns are nixing Fourth of July celebrations because they can't afford expensive fireworks displays. But one Massachusetts town won't let the economy ruin its holiday. Curt Nickisch reports.
Posted In: Economy

Attack halts Nigeria oil production

The Nigerian guerrilla group responsible for recently destroying an off-shore Shell oil platform has been fighting foreign oil companies for years. Carola Hoyos of The Financial Times talks with Kai Ryssdal about the situation in the African nation.

Fee hikes bounce to debit cards

Companies may have found a way around new laws that limit fees on credit cards. Now it could be debit cards that cost you a little extra. John Dimsdale reports.

Madoff victims react to verdict

Bernard Madoff was sentenced today to 150 years in prison for his multibillion-dollar Ponzi scheme. We hear from some of his victims who were on hand for the ruling.
Posted In: Crime

Toxic assets still looming in the murk

The U.S. banking system is still being dragged down by toxic assets, and a plan to get rid of them has run into some major obstacles. Amy Scott reports.

Music from this show

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Partie Traumatic
NU TONES [Vinyl]
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