Playlist: Put backs and government as venture capitalist
Posted by Chau Tu
For Marketplace, Tuesday, October 19, 2010
Bank of America had a lot of news today. It reported $7.3 billion in losses, but investors are looking into "put backs," which may force the bank to pay back $47 billion from the mortgages or mortgage-backed securities of Countrywide Financial. The bank also announced that it was looking to move away from charging fees and more toward making profits off of consumers.
The show also got a visit from Freakonomics' Stephen Dubner, who gave Kai a pop quiz and revealed how the government's new education reform has it acting like a venture capitalist. Continuing on the education front, Amy Scott reported on how students in Baltimore are learning about investments.
Kai chatted to Wired magazine's Kevin Kelly about his new technology book, and he also went over some listener responses. And here are the songs we played: