Marketplace for Wednesday, May 27, 2009

Episode Description 
Marketplace for Wednesday, May 27, 2009

How U.S. became a bailout nation

Author Barry Ritholtz talks with Kai Ryssdal about his new book "Bailout Nation" and why he believes the U.S. is giving out too much money to support failing businesses.

Sotomayor not a justice for these times

The road for Supreme Court nominee Sonia Sotomayor to become a justice is just beginning. Commentator David Frum says she's not a justice for these times. And she's not the only one.

Interest groups battle over Sotomayor

Supreme Court nomination battles often give rise to big advertising and lots of cable chatter. As Steve Henn reports, that may be because some institutions have a big interest in egging on the fight.

High-end retailers 'pop up' then go bye

Pop-up stores open up quickly and only for a few months. Target uses them regularly, and now high-end retailers like Hermes are getting in on the game. Sally Herships reports on this new trend.
Posted In: Retail

U.K. expense brouhaha triggers reform

British Prime Minister Gordon Brown is promising to punish lawmakers in his party for questionable parliamentary expenses. The controversy has erupted into a major political crisis, and may bring big reforms. Stephen Beard reports.

Banks up to old tricks with salary raises

Bank of America and Citigroup are mulling raising the base pay for investment bankers in response to lost income over bonus limitations. Bob Moon reports.

What government stake in GM means

Micki Maynard from the New York Times speaks with Kai Ryssdal about the latest potential plan for troubled automaker GM, which has the Treasury Department owning 70% of the company if it declares bankruptcy.
Posted In: Auto

Why bondholders have so much power

First it was Chrysler, and now it looks like GM is headed to bankruptcy. In both situations bondholders have had significant power deciding the fate of the company. Why? Amy Scott reports.
Posted In: Auto

Music from this show

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Vampire Weekend
Farewell Adventureland
Yo La Tengo
Samba da Bencao (Samba of the Blessing) (Album Version) [feat. Marcelo D2]
Sergio Mendes
Pound It Out
Booker T.

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