Marketplace Music

Playlist: iTunes and Foreclosures

Katharine Crnko Nov 16, 2010

Posted by Katharine Crnko

For Marketplace Morning Report, Tuesday, November 16, 2010

Today Apple says it’s news that people will never forget — after a decades long feud the media giant will now sell songs from The Beatles catalog.

As we’ve reported the Fed is pumping another $600 billion into the economy to spur more lending by bringing down long term interest rates. Well guess what? Long-term rates are going up.

Homeowners struggling to avoid foreclosure may not have experienced the worst of their financial woes. Mortgage documentation issues that led to foreclosure moratoriums at many banks could lead to another financial crisis, according to a Congressional Oversight Panel report released Tuesday.

GM this morning said its initial stock price will be more than expected, fetching between $32 and $33 a share. This price essentially blocks many taxpayers from investing in the company they helped to bailout.

The Congressional Oversight Panel that was created to monitor the Wall Street Bailout has a new report out this morning. It says all those mortgage documentation issues that led to foreclosure moratoriums at many banks could have severe consequences for the economy.

A new study in the current issue of the Journal of Marketing says brand names mean so much to consumers, they’ll go to great lengths to afford them.

Think you can solve your way through America’s job problems? Get ready to roll the dice. The U.S. Chamber of Commerce is launching a board and video game today called “This Way to Jobs.”

Investors worry Ireland may require a debt bailout from other European nations, particularly from Germany.

We are joined by Bethany McLean of Vanity Fair, who is co-author of the new book, “All the Devils are Here” with Joe Nocera of the New York Times. McLean explains the history of the foreclosure documents drama.

Carmaker Chrysler is getting ready to reboot, thanks to new owner Fiat and a fleet of revamped versions of old favorites. Will it be enough to get people to buy?

Here are the songs we played:

  • Breakfast Enthusiast — Mux Mool Buy
  • Oh Detroit, Lift Up Your Weary Head! (Rebuild! Restore! Reconsider!) — Sufjan Stevens Buy
  • Velvety Instrumental Version — Pixies Buy
  • Strawberry Fields Forever — Pickin’ On Series Buy

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