"At a retreat in Kuai back in 2006 -- when the housing market peaked -- WaMu employees sang this riff on the Sir Mix-a-Lot classic:I like big bucks and I cannot lie.You mortgage brothers can't deny,That when the dough roles in like you're printin' your own cash,And you gotta make a splash,You just spends.Like it never ends,Cuz you gotta have tha
Planet Money staffers pooled their own money and bought a toxic asset for $1,000 just to find out what happens. If they make money on it, they'll give the profit to charity. But it turns out it's not that easy to buy a sliver of debt backed by risky mortgages. Listen to the podcast for their story.