Paddy Hirsch explains what happeed to the toxic assets.

Paddy Hirsch explains what happened to the toxic assets.

If you’re looking for a way to improve your financial  and  economic knowledge, you may want to check out Marketplace’s Whiteboard series. I really enjoyed watching Paddy Hirsch explain a little bit about where the toxic assets mentioned in the news.

Some other topics you might want to check out include:

  • Meet Cap ‘n Trade
  • The public-private partnership
  • Collateral calls
  • Write-downs
  • A look inside hedge funds
  • Leveraging and deleveraging
  • Why ‘Fallout’ for the financial crisis?
  • How credit cards become asset-backed bonds
  • Thanks to Consumerist for the link!