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.

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.