What a Toxic Asset looks like [Planet Money]

by Catherine Mulbrandon on July 27, 2010

From Planet Money’s blog

I have been enjoying a series of podcasts by Plant Money’s team in which they bought toxic asset which has more than 2,000 mortgages. They paid $1,000 for a piece that used to be worth around $75,000.

Their interactive graphic shows how this asset was created with mortgages across the country, how many payments they have received from it, and how it has been losing value.

In the beginning Dec 2006, “Toxie” was a little sick
Toxie Dec 2006.png

But by July 2010, “Toxie” was a almost dead…

Toxie July 2010

  • http://cactusmitch.info cactusmitch

    “Worth” or “Priced?” Let the buyer be ware.

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