Marketplace Off Air

Revenge, rather than stopping the bleeding

Richard Core Sep 29, 2008

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.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

😱 Halfpriced hoodies! 😱 

This weekend only, when you donate $90 or $8/month, you can snag our cozy new Marketplace zipup hoodie. Don’t wait– this offer ends Sunday at midnight.