🖤 Donations of all sizes power our public service journalism Give Now
Marketplace Off Air

Show me the money

Kai Ryssdal Oct 2, 2008

I wanted to pick up on something from the show last night that went by pretty quickly. I was interviewing Rep. Peter DeFazio about the Senate bill and whether he’ll vote for it in the House (that would be no.)

Anyway, I asked him what’s not in the Senate bill that might change his mind, and he mentioned ‘certificates of net worth,’ where the FDIC essentially vouches for the solvency of banks that’re having short term problems but are fundamentally sound.

Here’s more from the guy DeFazio got the idea from…William Isaac, the former head of the FDIC.

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.