Marketplace for Tuesday, March 11, 2014
We figure out what comprises the stolen passport business, from point of theft to point of sale, by looking at the players, the costs and the business of dealing in stolen passport papers. Also: Senate Banking Committee leaders came out with plans to wind down Fannie Mae and Freddie Mac. The bipartisan plan calls for a private reinsurer to step in, and be on the hook for at least 10 percent of any losses on mortgate debt. And since it’s TV pilot season, we look at the practice of the "pilot pre-nup" -- agreements between stars and studios. They do one episode, and if it’s not picked up, the developer and the star are paid off.