Planet Money: Bad as They Want to Be




Planet Money show

Summary: The latest idea for saving U.S. financial institutions is to have one big bank mop up all the toxic assets and figure out a way to sell them. Economist Larry Ausubel says it's doable. Plus: Felix Salmon of Portfolio hates on ex-Merrill Lynch CEO John Thain, and a listener rations sawdust - for a very good reason.