Oct 2, 2012

Marketplace for Tuesday, October 2, 2012

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They say the apple doesn't fall far from the tree -- but that's for the judge to decide, now that JP Morgan Chase is being sued for Bear Stearns' bad behavior. We chat with New York Attorney General Eric Schneiderman for a breakdown on the lawsuit the state's filed against Chase. Meanwhile, Nissan is revving up its Datsun brand in emerging countries like Indonesia and India. The cars are $3,000 a pop and among the cheapest in the world -- but is it true that you get what you pay for? Plus, we go wild with the founders of Banana Republic and ask what it really means to be energy independent. 

Segments From this episode

Energy independence? For the U.S., it's a pipe dream

Oct 1, 2012
The U.S. can become less dependent on foreign oil, but it's still a part of the global oil market --and that means no insulation from oil price shocks.

What a $3,000 car looks, feels and drives like

Oct 2, 2012
The new Datsun will be sold in emerging countries like India, where it will be the first car for many buyers. It will not be as safe or as environmentally clean as cars in the U.S.

Media mogul Barry Diller takes on the publishing world

Oct 2, 2012
IAC/InterActiveCorp CEO Barry Diller discusses his new publishing venture, risk taking and why he's against big media corporations.

Banana Republic founder: "I wish they'd changed the name"

Oct 2, 2012
Despite its preppy image, Banana Republic began as a purveyor of modified military surplus and safari wear. The company's founders, Mel and Patricia Ziegler, had no business experience, but turned a small shop into a big brand.

No NHL? Russia and ESPN got your back

Oct 2, 2012
If you're missing your hockey fix ESPN has signed a deal to show hockey... from Russia. Plus, be sure to join Marketplace for live coverage of the first presidential debate tomorrow night.

New York AG on Bear Stearns mortgage bonds: "flamboyant fraud"

Oct 2, 2012
As part of a state-federal investigation, the Attorney General of New York is suing JP Morgan over big losses from mortgage-back securities. The bonds originated with Bear Stearns, which JP Morgan bought in 2008.

JP Morgan may pay for Bear's alleged sins

Oct 2, 2012
The New York state lawsuit against JP Morgan Chase centers on alleged Bear Stearns misdeeds well before the investment bank was sold.
People pass a sign for JPMorgan Chase & Co. at its headquarters in Manhattan in New York City. New York Attorney General Eric Schneiderman has filed a civil lawsuit against JPMorgan Chase alleging widespread fraud in the way that mortgages were packaged and sold to investors in the days that lead up to the financial crisis. 
Spencer Platt/Getty Images

They say the apple doesn’t fall far from the tree — but that’s for the judge to decide, now that JP Morgan Chase is being sued for Bear Stearns’ bad behavior. We chat with New York Attorney General Eric Schneiderman for a breakdown on the lawsuit the state’s filed against Chase. Meanwhile, Nissan is revving up its Datsun brand in emerging countries like Indonesia and India. The cars are $3,000 a pop and among the cheapest in the world — but is it true that you get what you pay for? Plus, we go wild with the founders of Banana Republic and ask what it really means to be energy independent.