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Bet Against the American Dream from Alexander Hotz on Vimeo.

It is a truth universally acknowledged that when “This American Life” devotes an episode to the financial crisis, you should drop what you're doing and listen to it. Their latest effort, which follows a Jesse Eisinger and Jake Bernstein report on the hedge fund Magnetar, is here.

By Ezra Klein  |  April 12, 2010; 12:40 PM ET
 
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Comments

I heard part of that show yesterday when I was doing errands. The part I heard was, unsurprisingly, amazing.

Posted by: MosBen | April 12, 2010 1:57 PM | Report abuse

I agree: Amazing, and an extraordinary piece of investigative journalism.

It should be heard and read by every American -- including every member of Congress.

My only question: Why isn't this story now turning up on the front page of major newspapers -- including the Washington Post?

Posted by: mbaquarium | April 12, 2010 3:43 PM | Report abuse

The golden rule: Those who have the gold make the rules. Where was the SEC while magnetar was trying to influence the risk portfolio of the instruments they were buying? Where were the rating agencies as these assets were included with high risks that were known to the people making them but were withheld from the people buying them.

Posted by: srw3 | April 12, 2010 3:45 PM | Report abuse

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