Revenge, rather than stopping the bleeding
Dr. Richard Peterson, a founder of MarketPsych, a hedge fund that makes investments based on neuro-economic research, just happened to be in our studios when news broke that the House had voted down the financial bailout bill.
Peterson, who is also a practicing psychiatrist, told Marketplace Money Host Tess Vigeland that Americans and congressional representatives were more concerned about exacting revenge than taking action that would set the financial markets on the road to recovery.
Here’s a portion of his interview with Tess.
More from that interview will be on Marketplace Money this weekend.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.