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Marketplace for Thursday July 31, 2014
Jul 31, 2014

Marketplace for Thursday July 31, 2014

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The holdout investors in the Argentina bond negotiations bought the bonds at a low price and are squeezing Argentina for a profit. Some people might say that makes the investors good businesspeople, but Argentina says it makes them vultures. We explain what vulture funds are, what they do, and how they provide a valuable service to the bond market. Plus, among the penalties handed out to Bank of America for its actions contributing to the mortgage crisis was a $1 million personal fine charged to a former manager. We look at why so few people are being held individually responsible for their actions. Also, the day of driverless cars being on the road as cars, not experiments, is nigh. We look at how insurers might adapt to this new category of vehicle.

Segments From this episode

What it's like to write 'Guardians of the Galaxy'

Jul 31, 2014
Nicole Perlman on writing superheroes, a comic-book research assistant, and explosions in space.

Meet the baseball player who invented the high five

Jul 31, 2014
Mike Jacobs on Grantland’s short documentary, "30 for 30: The High Five".

Kellogg's has a cereal problem

Jul 31, 2014
Sales in Kellogg's cereal have dropped due to healthier eating habits.

Holding individuals responsible for the financial crisis

Jul 31, 2014
A former Countrywide employee was fined $1 million, but such cases are rare.

The holdout investors in the Argentina bond negotiations bought the bonds at a low price and are squeezing Argentina for a profit. Some people might say that makes the investors good businesspeople, but Argentina says it makes them vultures. We explain what vulture funds are, what they do, and how they provide a valuable service to the bond market. Plus, among the penalties handed out to Bank of America for its actions contributing to the mortgage crisis was a $1 million personal fine charged to a former manager. We look at why so few people are being held individually responsible for their actions. Also, the day of driverless cars being on the road as cars, not experiments, is nigh. We look at how insurers might adapt to this new category of vehicle.

Music from the episode

D Song Bonobo
D Song Bonobo