http://marketplace.publicradio.org/ Senior Editor Paddy Hirsch of Marketplace, the public radio business show, makes complicated financial concepts easy to understand in this entertaining, informative series. Short video clips from Marketplace en-us Copyright 2009 American Public Media Mon, 19 Oct 2009 14:00:00 EDT Mon, 19 Oct 2009 14:00:00 EDT American Public Media finance, video, economics, financial crisis, marketplace, money, public radio Senior Editor Paddy Hirsch of Marketplace, the public radio business show, makes complicated financial concepts easy to understand in this entertaining, informative series. American Public Media podcasts@americanpublicmedia.org No http://marketplace.publicradio.org/ http://americanpublicmedia.publicradio.org/standard/images/apm001/podcast/itunes_mkp_whiteboard_75.jpg Credit default swaps? They’re complicated -- and scary! The receipt you get when you pre-order your Thanksgiving turkey? Not so much. But they have a lot in common: They’re both derivatives. Senior Editor Paddy Hirsch explains. Mon, 19 Oct 2009 14:00:00 EDT http://download.publicradio.org/video/marketplace/2009/10/15/whiteboard_derivatives.m4v American Public Media SoCredit default swaps? They’re complicated -- and scary! The receipt you get when you pre-order your Thanksgiving turkey? Not so much. But they have a lot in common: They’re both derivatives. Senior Editor Paddy Hirsch explains. Credit default swaps? They’re complicated -- and scary! The receipt you get when you pre-order your Thanksgiving turkey? Not so much. But they have a lot in common: They’re both derivatives. Senior Editor Paddy Hirsch explains. marketplace, derivatives, financial crisis, money, public radio, business, paddy hirsch, economy 10:13 So much government debt! But what's the difference between the Treasury's bills, notes and bonds? Senior Editor Paddy Hirsch explains. Thu, 17 Sep 2009 14:00:00 EDT http://download.publicradio.org/video/marketplace/2009/09/17/whiteboard_bonds_notes_bills.m4v American Public Media So much government debt! But what's the difference between the Treasury's bills, notes and bonds? Senior Editor Paddy Hirsch explains. So much government debt! But what's the difference between the Treasury's bills, notes and bonds? Senior Editor Paddy Hirsch explains. marketplace, banks, bonds, notes, bills financial crisis, money, public radio, business, paddy hirsch, economy 05:57 Most economists agree that inflation of about 2% or 3% annually is a natural function of a growing economy. But people are worried government stimulus measures could spark much higher inflation. Senior Editor Paddy Hirsch explains. Thu, 10 Sep 2009 14:00:00 EDT http://download.publicradio.org/video/marketplace/2009/09/08/whiteboard_inflation.m4v American Public Media Most economists agree that inflation of about 2% or 3% annually is a natural function of a growing economy. But people are worried government stimulus measures could spark much higher inflation. Senior Editor Paddy Hirsch explains. Most economists agree that inflation of about 2% or 3% annually is a natural function of a growing economy. But people are worried government stimulus measures could spark much higher inflation. Senior Editor Paddy Hirsch explains. marketplace, banks, inflation, financial crisis, money, public radio, business, paddy hirsch, economy 08:11 High-frequency trading is creating a ruckus on Wall Street. Marketplace Senior Editor Paddy Hirsch explains what high-frequency trading is and why some people are up in arms about it. Fri, 14 Aug 2009 14:00:00 EDT http://download.publicradio.org/video/marketplace/2009/08/11/whiteboard_high_frequency.m4v American Public Media High-frequency trading is creating a ruckus on Wall Street. Marketplace Senior Editor Paddy Hirsch explains what high-frequency trading is and why some people are up in arms about it. High-frequency trading is creating a ruckus on Wall Street. Marketplace Senior Editor Paddy Hirsch explains what high-frequency trading is and why some people are up in arms about it. marketplace, banks, high frequency trading, financial crisis, money, public radio, business, paddy hirsch, economy 11:28 Many small businesses get the cash they need to operate and expand from so-called factors. One of the biggest factors in the business is CIT, and with CIT on the ropes, small businesses are worried. Senior Editor Paddy Hirsch explains what factoring is, and how it works. Tue, 28 Jul 2009 14:00:00 EDT http://download.publicradio.org/video/marketplace/2009/07/28/whiteboard_factoring.m4v American Public Media Many small businesses get the cash they need to operate and expand from so-called factors. One of the biggest factors in the business is CIT, and with CIT on the ropes, small businesses are worried. Senior Editor Paddy Hirsch explains what factoring is, and how it works. Many small businesses get the cash they need to operate and expand from so-called factors. One of the biggest factors in the business is CIT, and with CIT on the ropes, small businesses are worried. Senior Editor Paddy Hirsch explains what factoring is, and how it works. marketplace, banks, factoring, financial crisis, money, public radio, business, paddy hirsch, economy 06:42 Many asset-backed securities have been downgraded from AAA recently. But at least one issuer has miraculously repackaged a downgraded deal to make some of its bonds worth a AAA rating again. Senior Editor Paddy Hirsch explains. Mon, 20 Jul 2009 14:00:00 EDT http://download.publicradio.org/video/marketplace/2009/07/20/whiteboard_alchemy.m4v American Public Media Many asset-backed securities have been downgraded from AAA recently. But at least one issuer has miraculously repackaged a downgraded deal to make some of its bonds worth a AAA rating again. Senior Editor Paddy Hirsch explains. Many asset-backed securities have been downgraded from AAA recently. But at least one issuer has miraculously repackaged a downgraded deal to make some of its bonds worth a AAA rating again. Senior Editor Paddy Hirsch explains. marketplace, banks, financial alchemy, financial crisis, money, public radio, business, paddy hirsch, economy 08:55 Banks are paying back TARP money and claiming they're the picture of health. So what happened to all those toxic assets that were clogging their arteries a few months back? Senior Editor Paddy Hirsch explains. Mon, 13 Jul 2009 18:00:00 EDT http://download.publicradio.org/video/marketplace/2009/07/13/toxic_assets_2.m4v American Public Media Banks are paying back TARP money and claiming they're the picture of health. So what happened to all those toxic assets that were clogging their arteries a few months back? Senior Editor Paddy Hirsch explains. Banks are paying back TARP money and claiming they're the picture of health. So what happened to all those toxic assets that were clogging their arteries a few months back? Senior Editor Paddy Hirsch explains. marketplace, banks, toxic assets, financial crisis, money, public radio, business, paddy hirsch, economy 07:08 Dark pools are exchanges where people trade stocks anonymously. Senior Editor Paddy Hirsch explains how they work, and why the SEC is considering regulating them. Mon, 06 Jul 2009 14:00:00 EDT http://download.publicradio.org/video/marketplace/2009/07/06/whiteboard_dark_pools.m4v American Public Media Dark pools are exchanges where people trade stocks anonymously. Senior Editor Paddy Hirsch explains how they work, and why the SEC is considering regulating them. Dark pools are exchanges where people trade stocks anonymously. Senior Editor Paddy Hirsch explains how they work, and why the SEC is considering regulating them. marketplace, banks, dark pools, financial crisis, money, public radio, business, paddy hirsch, economy 07:09 Senior Editor Paddy Hirsch explains why the repurchase (or repo) market is vital part of the financial system, and why the government is considering changes to it. Fri, 26 Jun 2009 17:00:00 EDT http://download.publicradio.org/video/marketplace/2009/06/26/whiteboard_repo_market.m4v American Public Media Senior Editor Paddy Hirsch explains why the repurchase (or repo) market is vital part of the financial system, and why the government is considering changes to it. Senior Editor Paddy Hirsch explains why the repurchase (or repo) market is vital part of the financial system, and why the government is considering changes to it. marketplace, banks, repo market, financial crisis, money, public radio, business, paddy hirsch, economy 08:09 Cap and Trade is the linchpin of the government's effort to curb carbon emissions. Senior Editor Paddy Hirsch explains how the cap and trade model works. Wed, 13 May 2009 17:00:00 EDT http://download.publicradio.org/video/marketplace/2009/05/13/whiteboard_cap_and_trade.m4v American Public Media Cap and Trade is the linchpin of the government's effort to curb carbon emissions. Senior Editor Paddy Hirsch explains how the cap and trade model works. Cap and Trade is the linchpin of the government's effort to curb carbon emissions. Senior Editor Paddy Hirsch explains how the cap and trade model works. marketplace, banks, cap and trade, financial crisis, money, public radio, business, paddy hirsch, economy 07:04 In stories about the auto companies and the banks, we've been hearing about debt-to-equity swaps and exchanging preferred shares for common stock. To understand how those work, you need to understand a company's capital structure. Senior Editor Paddy Hirsch explains. Thu, 07 May 2009 17:00:00 EDT http://download.publicradio.org/video/marketplace/2009/05/06/whiteboard_capital_structure.m4v American Public Media In stories about the auto companies and the banks, we've been hearing about debt-to-equity swaps and exchanging preferred shares for common stock. To understand how those work, you need to understand a company's capital structure. Senior Editor Paddy Hirsch explains. In stories about the auto companies and the banks, we've been hearing about debt-to-equity swaps and exchanging preferred shares for common stock. To understand how those work, you need to understand a company's capital structure. Senior Editor Paddy Hirsch explains. marketplace, banks, capital structure, financial crisis, money, public radio, business, paddy hirsch, economy 06:43 The shadow banking system is a key component of the U.S. economy, but the financial crisis has frozen it solid. Senior Editor Paddy Hirsch explains what shadow banking is and why it's important enough to warrant its own bailout, called the Term Asset-Backed Securities Loan Facility, or TALF. Tue, 14 Apr 2009 17:00:00 EDT http://download.publicradio.org/video/marketplace/2009/04/13/whiteboard_shadow_banking.m4v American Public Media The shadow banking system is a key component of the U.S. economy, but the financial crisis has frozen it solid. Senior Editor Paddy Hirsch explains what shadow banking is and why it's important enough to warrant its own bailout, called the Term Asset-Backed Securities Loan Facility, or TALF. The shadow banking system is a key component of the U.S. economy, but the financial crisis has frozen it solid. Senior Editor Paddy Hirsch explains what shadow banking is and why it's important enough to warrant its own bailout, called the Term Asset-Backed Securities Loan Facility, or TALF. marketplace, banks, shadow banking, financial crisis, money, public radio, business, paddy hirsch, economy 09:05 The U.S. Treasury Department plans to recruit private investors to take toxic assets off banks' balance sheets. Senior Editor Paddy Hirsch explains how the plan is supposed to work. Tue, 31 Mar 2009 17:00:00 EDT http://download.publicradio.org/video/marketplace/2009/03/31/whiteboard_public_private.m4v American Public Media The U.S. Treasury Department plans to recruit private investors to take toxic assets off banks' balance sheets. Senior Editor Paddy Hirsch explains how the plan is supposed to work. The U.S. Treasury Department plans to recruit private investors to take toxic assets off banks' balance sheets. Senior Editor Paddy Hirsch explains how the plan is supposed to work. marketplace, banks, public private, financial crisis, money, public radio, business, paddy hirsch, economy 06:22 Millions of Americans are wondering why AIG has paid so much taxpayer money to other banks. One reason is because AIG has had to honor "collateral calls" — demands made by banks on the insurance contracts it's written. Senior Editor Paddy Hirsch explains. Tue, 24 Mar 2009 17:00:00 EDT http://download.publicradio.org/video/marketplace/2009/03/24/whiteboard_collateral_calls.m4v American Public Media Millions of Americans are wondering why AIG has paid so much taxpayer money to other banks. One reason is because AIG has had to honor "collateral calls" — demands made by banks on the insurance contracts it's written. Senior Editor Paddy Hirsch explains. Millions of Americans are wondering why AIG has paid so much taxpayer money to other banks. One reason is because AIG has had to honor "collateral calls" — demands made by banks on the insurance contracts it's written. Senior Editor Paddy Hirsch explains. marketplace, banks, collateral calls, financial crisis, money, public radio, business, paddy hirsch, economy 07:16 Bankers have been debating bringing back the uptick rule for months, if not years. This week the debate made it to Capitol Hill. Senior Editor Paddy Hirsch gives a quick and dirty explanation of what the uptick rule is, and why it could be reinstated to turn the American taxpayer into one of Citigroup's biggest stockholders. Senior Editor Paddy Hirsch explains. Thu, 12 Mar 2009 17:00:00 EDT http://download.publicradio.org/video/marketplace/2009/03/12/whiteboard_uptick.m4v American Public Media Bankers have been debating bringing back the uptick rule for months, if not years. This week the debate made it to Capitol Hill. Senior Editor Paddy Hirsch gives a quick and dirty explanation of what the uptick rule is, and why it could be reinstated. Bankers have been debating bringing back the uptick rule for months, if not years. This week the debate made it to Capitol Hill. Senior Editor Paddy Hirsch gives a quick and dirty explanation of what the uptick rule is, and why it could be reinstated. marketplace, banks, uptick rule, financial crisis, money, public radio, business, paddy hirsch, economy 05:25 Tangible Common Equity used to be an obscure and rarely-used accounting term. Today it's one of the main motivators behind the government's decision to turn the American taxpayer into one of Citigroup's biggest stockholders. Senior Editor Paddy Hirsch explains. Wed, 04 Mar 2009 17:00:00 EDT http://download.publicradio.org/video/marketplace/2009/03/03/whiteboard_tce.m4v American Public Media Tangible Common Equity used to be an obscure and rarely-used accounting term. Today it's one of the main motivators behind the government's decision to turn the American taxpayer into one of Citigroup's biggest stockholders. Senior Editor Paddy Hirsch explains. Tangible Common Equity used to be an obscure and rarely-used accounting term. Today it's one of the main motivators behind the government's decision to turn the American taxpayer into one of Citigroup's biggest stockholders. Senior Editor Paddy Hirsch explains. marketplace, banks, tangible common equity, financial crisis, money, public radio, business, paddy hirsch, economy 12:51 A debate is raging in Washington, D.C., about how to deal with America's foreclosure problem. One proposal is to restructure the loans using a tool usually seen in bankruptcy courts: The "cramdown." Senior Editor Paddy Hirsch explains. Wed, 18 Feb 2009 17:00:00 EDT http://download.publicradio.org/video/marketplace/2009/02/18/whiteboard_cramdowns.m4v American Public Media A debate is raging in Washington, D.C., about how to deal with America's foreclosure problem. One proposal is to restructure the loans using a tool usually seen in bankruptcy courts: The "cramdown." Senior Editor Paddy Hirsch explains. A debate is raging in Washington, D.C., about how to deal with America's foreclosure problem. One proposal is to restructure the loans using a tool usually seen in bankruptcy courts: The "cramdown." Senior Editor Paddy Hirsch explains. marketplace, banks, cramdowns, financial crisis, money, public radio, business, paddy hirsch, economy 05:57 As markets have deteriorated, "write-downs" have figured prominently in more and more corporate reports. What are write-downs all about? Marketplace Senior Editor Paddy Hirsch explains. Tue, 10 Feb 2009 17:00:00 EDT http://download.publicradio.org/video/marketplace/2009/02/10/whiteboard_writedowns.m4v American Public Media As markets have deteriorated, "write-downs" have figured prominently in more and more corporate reports. What are write-downs all about? Marketplace Senior Editor Paddy Hirsch explains. As markets have deteriorated, "write-downs" have figured prominently in more and more corporate reports. What are write-downs all about? Marketplace Senior Editor Paddy Hirsch explains. marketplace, banks, writedowns, financial crisis, money, public radio, business, paddy hirsch, economy 07:57 There's a debate in financial circles over whether banks are unfairly penalized by the requirement that they "mark to market" their holdings. Marketplace Senior Editor Paddy Hirsch explains what that term means. Fri, 30 Jan 2009 17:00:00 EDT http://download.publicradio.org/video/marketplace/2009/01/30/whiteboard_mark_to_market.m4v American Public Media There's a debate in financial circles over whether banks are unfairly penalized by the requirement that they "mark to market" their holdings. Marketplace Senior Editor Paddy Hirsch explains what that term means. IfThere's a debate in financial circles over whether banks are unfairly penalized by the requirement that they "mark to market" their holdings. Marketplace Senior Editor Paddy Hirsch explains what that term means. marketplace, banks, mark to market, financial crisis, money, public radio, business, paddy hirsch, economy 07:45 If you've been following the problems encountered by the banks, you've probably come across the phrase "toxic assets." They've poisoned banks' balance sheets and brought them to the brink of failure. But what is a toxic asset, exactly? Marketplace Senior Editor Paddy Hirsch explains. Wed, 21 Jan 2009 21:00:00 EDT http://download.publicradio.org/video/marketplace/2009/01/21/whiteboard_toxic_assets.m4v American Public Media If you've been following the problems encountered by the banks, you've probably come across the phrase "toxic assets." They've poisoned banks' balance sheets and brought them to the brink of failure. But what is a toxic asset, exactly? Marketplace Senior Editor Paddy Hirsch explains. If you've been following the problems encountered by the banks, you've probably come across the phrase "toxic assets." They've poisoned banks' balance sheets and brought them to the brink of failure. But what is a toxic asset, exactly? Marketplace Senior Editor Paddy Hirsch explains. marketplace, banks, toxic assets, financial crisis, money, public radio, business, paddy hirsch, economy 09:27 Marketplace Senior Editor Paddy Hirsch explains Fed Chairman Ben Bernanke's latest plan to get the economy moving — and the risk involved. Tue, 13 Jan 2009 15:00:00 EDT http://download.publicradio.org/video/marketplace/2009/01/13/whiteboard_bad_banks.m4v American Public Media Marketplace Senior Editor Paddy Hirsch explains Fed Chairman Ben Bernanke's latest plan to get the economy moving — and the risk involved. Marketplace Senior Editor Paddy Hirsch explains Fed Chairman Ben Bernanke's latest plan to get the economy moving — and the risk involved. marketplace, banks, bad banks, financial crisis, money, public radio, business, paddy hirsch, economy 06:57 Now the Federal Reserve has effectively cut the target lending rate to zero, it only has one more weapon in its arsenal. Quantitative easing. Senior Editor Paddy Hirsch explains what this "nuclear option" it is, and what the Fed hopes it'll do. Mon, 22 Dec 2008 15:00:00 EDT http://download.publicradio.org/video/marketplace/2008/12/22/whiteboard_quantitative_easing.m4v American Public Media Now the Federal Reserve has effectively cut the target lending rate to zero, it only has one more weapon in its arsenal. Quantitative easing. Senior Editor Paddy Hirsch explains what this "nuclear option" it is, and what the Fed hopes it'll do. Now the Federal Reserve has effectively cut the target lending rate to zero, it only has one more weapon in its arsenal. Quantitative easing. Senior Editor Paddy Hirsch explains what this "nuclear option" it is, and what the Fed hopes it'll do. marketplace, quantitative easing, financial crisis, money, public radio, business, paddy hirsch, economy 07:27 Hedge funds used to occupy a dark, undisturbed corner of the financial world, but over the last year they've been thrown under the spotlight. Still, many people don't know exactly what hedge funds are, or what hedging actually means. Senior Editor Paddy Hirsch explains. Mon, 15 Dec 2008 15:00:00 EDT http://download.publicradio.org/video/marketplace/2008/12/15/whiteboard_hedge_funds.m4v American Public Media Hedge funds used to occupy a dark, undisturbed corner of the financial world, but over the last year they've been thrown under the spotlight. Still, many people don't know exactly what hedge funds are, or what hedging actually means. Senior Editor Paddy Hirsch explains. Hedge funds used to occupy a dark, undisturbed corner of the financial world, but over the last year they've been thrown under the spotlight. Still, many people don't know exactly what hedge funds are, or what hedging actually means. Senior Editor Paddy Hirsch explains. marketplace, hedge funds, financial crisis, money, public radio, business, paddy hirsch, economy 10:51 Leveraging — or borrowing — has been cited as one of the contributors to the financial crisis. Senior Editor Paddy Hirsch explains how the move to deleverage — or reduce debt — is prompting wild market swings and concerns about deflation. Mon, 08 Dec 2008 15:00:00 EDT http://download.publicradio.org/video/marketplace/2008/12/08/whiteboard_deleverage.m4v American Public Media Leveraging — or borrowing — has been cited as one of the contributors to the financial crisis. Senior Editor Paddy Hirsch explains how the move to deleverage — or reduce debt — is prompting wild market swings and concerns about deflation. Leveraging — or borrowing — has been cited as one of the contributors to the financial crisis. Senior Editor Paddy Hirsch explains how the move to deleverage — or reduce debt — is prompting wild market swings and concerns about deflation. marketplace, deleveraging, leveraging, financial crisis, money, public radio, business, paddy hirsch, economy 08:29 The meltdown of the credit and mortage markets will inflict damaging effects upon our economic future that we may not anticipate -- much like the fallout from a nuclear explosion. Senior Editor Paddy Hirsch explains why Marketplace is using the term in its coverage. Wed, 26 Nov 2008 17:00:00 EDT http://download.publicradio.org/video/marketplace/2008/11/26/whiteboard_fallout.m4v American Public Media The meltdown of the credit and mortage markets will inflict damaging effects upon our economic future that we may not anticipate -- much like the fallout from a nuclear explosion. Senior Editor Paddy Hirsch explains why Marketplace is using the term in its coverage. The meltdown of the credit and mortage markets will inflict damaging effects upon our economic future that we may not anticipate -- much like the fallout from a nuclear explosion. Senior Editor Paddy Hirsch explains why Marketplace is using the term in its coverage. marketplace, fallout, credit cards, financial crisis, money, public radio, business, paddy hirsch, economy 08:36 Mortgages aren't the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it. Tue, 25 Nov 2008 17:00:00 EDT http://download.publicradio.org/video/marketplace/2008/11/25/whiteboard_securitization.m4v American Public Media Mortgages aren't the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it. Mortgages aren't the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it. marketplace, securitization, credit cards, financial crisis, money, public radio, business, paddy hirsch, economy 07:58 Some of the rapid drops we've seen in the financial markets in recent weeks have been fueled by margin calls. How do margin calls work? Marketplace Senior Editor Paddy Hirsch explains. Mon, 10 Nov 2008 17:00:00 EDT http://download.publicradio.org/video/marketplace/2008/11/10/whiteboard_margin_calls.m4v American Public Media Some of the rapid drops we've seen in the financial markets in recent weeks have been fueled by margin calls. How do margin calls work? Marketplace Senior Editor Paddy Hirsch explains. Some of the rapid drops we've seen in the financial markets in recent weeks have been fueled by margin calls. How do margin calls work? Marketplace Senior Editor Paddy Hirsch explains. marketplace, margin calls, financial crisis, money, public radio, business, paddy hirsch, economy 05:27 Credit default swaps have worsened market anxiety because they are conducted in the over-the-counter market, where regulations are few and information about risk is often hidden. Marketplace Senior Editor Paddy Hirsch explains. Fri, 07 Nov 2008 19:00:00 EDT http://download.publicradio.org/video/marketplace/2008/11/07/whiteboard_over_the_counter.m4v American Public Media Credit default swaps have worsened market anxiety because they are conducted in the over-the-counter market, where regulations are few and information about risk is often hidden. Marketplace Senior Editor Paddy Hirsch explains. Credit default swaps have worsened market anxiety because they are conducted in the over-the-counter market, where regulations are few and information about risk is often hidden. Marketplace Senior Editor Paddy Hirsch explains. marketplace, over the counter trading, financial crisis, money, public radio, business, paddy hirsch, economy 06:45 The practice of short selling has been blamed for the collapse of several major companies' shares during the financial crisis. What is short selling? Marketplace Senior Editor Paddy Hirsch explains. Wed, 22 Oct 2008 13:00:00 EDT http://download.publicradio.org/video/marketplace/2008/10/22/whiteboard_shortselling.m4v American Public Media The practice of short selling has been blamed for the collapse of several major companies' shares during the financial crisis. What is short selling? Marketplace Senior Editor Paddy Hirsch explains. The practice of short selling has been blamed for the collapse of several major companies' shares during the financial crisis. What is short selling? Marketplace Senior Editor Paddy Hirsch explains. marketplace, short selling, financial crisis, money, public radio, business, paddy hirsch, economy 07:47 Marketplace Senior Editor Paddy Hirsch explains how banks have gotten frozen in their tracks, awaiting a rescue. Fri, 10 Oct 2008 13:00:00 EDT http://download.publicradio.org/video/marketplace/2008/10/10/whiteboard_antarctic.m4v American Public Media Marketplace Senior Editor Paddy Hirsch explains how banks have gotten frozen in their tracks, awaiting a rescue. Marketplace Senior Editor Paddy Hirsch explains how banks have gotten frozen in their tracks, awaiting a rescue. marketplace, credit crisis, financial crisis, money, public radio, business, paddy hirsch, economy 08:23 When the analysts and experts talk about the current financial crisis, they often refer to "credit default swaps." So, what exactly is a credit default swap? Marketplace Senior Editor Paddy Hirsch goes to the whiteboard for this explanation. Wed, 08 Oct 2008 13:00:00 EDT http://download.publicradio.org/video/marketplace/2008/10/08/whiteboard_credit_default_swaps.m4v American Public Media When the analysts and experts talk about the current financial crisis, they often refer to "credit default swaps." So, what exactly is a credit default swap? Marketplace Senior Editor Paddy Hirsch goes to the whiteboard for this explanation. When the analysts and experts talk about the current financial crisis, they often refer to "credit default swaps." So, what exactly is a credit default swap? Marketplace Senior Editor Paddy Hirsch goes to the whiteboard for this explanation. marketplace, credit default swap, financial crisis, money, public radio, business, paddy hirsch, economy 10:47 Marketplace Senior Editor Paddy Hirsch gives a bubbly explanation of the intricacies of "collateralized debt obligations" — those financial instruments that got us into this financial mess. Fri, 03 Oct 2008 13:00:00 EDT http://download.publicradio.org/video/marketplace/2008/10/03/whiteboard_uncorking_cdos.m4v American Public Media Marketplace Senior Editor Paddy Hirsch gives a bubbly explanation of the intricacies of "collateralized debt obligations" — those financial instruments that got us into this financial mess. Marketplace Senior Editor Paddy Hirsch gives a bubbly explanation of the intricacies of "collateralized debt obligations" — those financial instruments that got us into this financial mess. marketplace, cdo, financial crisis, money, public radio, business, paddy hirsch, economy 06:07