http://marketplace.org/ Senior Producer Paddy Hirsch of Marketplace, the public radio business show, makes complicated financial concepts easy to understand in this entertaining, informative video series. Short video clips from Marketplace en-us Copyright 2011 American Public Media Wed, 22 May 2013 11:00:00 EDT Wed, 22 May 2013 11:00:00 EDT American Public Media finance, video, economics, financial crisis, marketplace, money, public radio Senior Producer 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.org/ http://americanpublicmedia.publicradio.org/standard/images/apm001/podcast/itunes_mkp_whiteboard_75.jpg Your dollar bill isn't worth the paper it's printed on. Why? Because it's a fiat currency. Sr. Producer Paddy Hirsch explains. Wed, 22 May 2013 11:00:00 EDT http://download.publicradio.org/video/marketplace/2013/05/fiat_money.mp4 American Public Media Your dollar bill isn't worth the paper it's printed on. Why? Because it's a fiat currency. Sr. Producer Paddy Hirsch explains. Your dollar bill isn't worth the paper it's printed on. Why? Because it's a fiat currency. Sr. Producer Paddy Hirsch explains. Business, finance, fiat, currency, money, fiat currency, fiat money, economics 02:21 Goodwill reads like an afterthought in a company's annual report. But it's often the most important component of a company's operation, as Sr. Producer Paddy Hirsch explains. Fri, 12 Apr 2013 11:00:00 EDT http://download.publicradio.org/video/marketplace/2013/04/goodwill.mp4 American Public Media Goodwill reads like an afterthought in a company's annual report. But it's often the most important component of a company's operation, as Sr. Producer Paddy Hirsch explains. Goodwill reads like an afterthought in a company's annual report. But it's often the most important component of a company's operation, as Sr. Producer Paddy Hirsch explains. Business, finance 01:43 A currency war sounds weirdly abstract, like a game played by rival politicians -- but it can have devastating effects in the real world. And it's not all that different from a rivalry of different kind - a hypothetical sibling rivalry. Wed, 13 Mar 2013 11:00:00 EDT http://download.publicradio.org/video/marketplace/2013/03/currency_wars.mp4 American Public Media A currency war sounds weirdly abstract, like a game played by rival politicians -- but it can have devastating effects in the real world. And it's not all that different from a rivalry of different kind - a hypothetical sibling rivalry. A currency war sounds weirdly abstract, like a game played by rival politicians -- but it can have devastating effects in the real world. And it's not all that different from a rivalry of different kind - a hypothetical sibling rivalry. currency, finance, money, banks 02:39 What is the Federal Housing Administration and how does it work? Uncle Charlie and Sr. Producer Paddy Hirsch explain. Wed, 31 Oct 2012 11:00:00 EDT http://download.publicradio.org/video/marketplace/2012/11/explaining_the_fha.mp4 American Public Media What is the Federal Housing Administration and how does it work? Uncle Charlie and Sr. Producer Paddy Hirsch explain. What is the Federal Housing Administration and how does it work? Uncle Charlie and Sr. Producer Paddy Hirsch explain. marketplace, fha, federal housing administration, fha, housing, business, economics, economy, paddy, hirsch, whiteboard 04:02 Running the U.S. economy is just like running a business, right? Not necessarily. Sr. Producer Paddy Hirsch explains the differences between a president and CEO. Wed, 31 Oct 2012 11:00:00 EDT http://download.publicradio.org/video/marketplace/2012/10/running_government_business.mp4 American Public Media Running the U.S. economy is just like running a business, right? Not necessarily. Sr. Producer Paddy Hirsch explains the differences between a president and CEO. Running the U.S. economy is just like running a business, right? Not necessarily. Sr. Producer Paddy Hirsch explains the differences between a president and CEO. marketplace, elections, president, ceo, election 2012, business, economics, economy, paddy, hirsch, whiteboard 03:25 You've heard warnings about the economic disaster that could happen if Congress fails to avoid a fiscal cliff. But what is the fiscal cliff anyway? Sr. Producer Paddy Hirsch enlists the support of his friends Thelma and Louise in this three-minute explanation. Tue, 23 Oct 2012 11:00:00 EDT http://download.publicradio.org/video/marketplace/2012/10/dividend_recapitalization.mp4 American Public Media Dividend recapitalization: private equity shenanigans or sound common sense? Sr. Producer Paddy Hirsch explains how it works. Dividend recapitalization: private equity shenanigans or sound common sense? Sr. Producer Paddy Hirsch explains how it works. marketplace, dividends, dividend recapitalization, private equity, business, economics, economy, paddy, hirsch, whiteboard 03:24 You've heard warnings about the economic disaster that could happen if Congress fails to avoid a fiscal cliff. But what is the fiscal cliff anyway? Sr. Producer Paddy Hirsch enlists the support of his friends Thelma and Louise in this three-minute explanation. Wed, 10 Oct 2012 11:00:00 EDT http://download.publicradio.org/video/marketplace/2012/09/fiscal_cliff.mp4 American Public Media You've heard warnings about the economic disaster that could happen if Congress fails to avoid a fiscal cliff. But what is the fiscal cliff anyway? Sr. Producer Paddy Hirsch enlists the support of his friends Thelma and Louise in this three-minute explanation. You've heard warnings about the economic disaster that could happen if Congress fails to avoid a fiscal cliff. But what is the fiscal cliff anyway? Sr. Producer Paddy Hirsch enlists the support of his friends Thelma and Louise in this three-minute explanation. marketplace, qe3, fiscal cliff, fiscal slope, bush tax cuts, congress, business, economics, economy, paddy, hirsch, whiteboard 03:16 There's speculation the Federal Reserve may proceed with a third round of quantitative easing. Marketplace's Paddy Hirsch explains what QE3 is supposed to do for the economy. Tue, 11 Sep 2012 11:00:00 EDT http://download.publicradio.org/video/marketplace/2012/09/economic_effects_quantitative_easing.mp4 American Public Media There's speculation the Federal Reserve may proceed with a third round of quantitative easing. Marketplace's Paddy Hirsch explains what QE3 is supposed to do for the economy. There's speculation the Federal Reserve may proceed with a third round of quantitative easing. Marketplace's Paddy Hirsch explains what QE3 is supposed to do for the economy. marketplace, qe3, quantitative easing, fed, federal reserve, business, economics, economy, paddy, hirsch, whiteboard 03:16 The European Central Bank is set to go on a bond-buying spree in an effort to save the euro and stem the debt crisis. But how does it work? It helps to think about candy. Thu, 06 Sep 2012 11:00:00 EDT http://download.publicradio.org/video/marketplace/2012/09/ECB-bond-buying.mp4 American Public Media The European Central Bank is set to go on a bond-buying spree in an effort to save the euro and stem the debt crisis. But how does it work? It helps to think about candy. The European Central Bank is set to go on a bond-buying spree in an effort to save the euro and stem the debt crisis. But how does it work? It helps to think about candy. marketplace, bonds, Europe, investing, investments, mitt romney, business, economics, economy, paddy, hirsch, whiteboard 03:10 Presidential hopeful Mitt Romney says he put his investments in a blind trust to avoid any conflict of interest. So what exactly is a blind trust? Sr. Producer Paddy Hirsch explains with a sausage factory analogy. Fri, 17 Aug 2012 11:00:00 EDT http://download.publicradio.org/video/marketplace/2012/08/Explaining_blind_trust_with_sausages.mp4 American Public Media Presidential hopeful Mitt Romney says he put his investments in a blind trust to avoid any conflict of interest. So what exactly is a blind trust? Sr. Producer Paddy Hirsch explains with a sausage factory analogy. Presidential hopeful Mitt Romney says he put his investments in a blind trust to avoid any conflict of interest. So what exactly is a blind trust? Sr. Producer Paddy Hirsch explains with a sausage factory analogy. marketplace, blind trust, trustees, investing, investments, mitt romney, business, economics, economy, paddy, hirsch, whiteboard 03:03 The Treasury Department is planning to roll out a floating-rate note program in about a year. But what is a floating-rate note and why do we need one? Sr. Producer Paddy Hirsch explains with a boat analogy. Mon, 06 Aug 2012 10:00:00 EDT http://download.publicradio.org/video/marketplace/2012/08/whats_floating_rate_note.mp4 American Public Media The Treasury Department is planning to roll out a floating-rate note program in about a year. But what is a floating-rate note and why do we need one? Sr. Producer Paddy Hirsch explains with a boat analogy. The Treasury Department is planning to roll out a floating-rate note program in about a year. But what is a floating-rate note and why do we need one? Sr. Producer Paddy Hirsch explains with a boat analogy. marketplace, floating rate, investing, treasury, business, economics, economy, paddy, hirsch, whiteboard 04:06 What exactly is a Eurobond and why are so many people interested in having them? Sr. Producer Paddy Hirsch explains with his own version of the Three Little Pigs. What happens when they try to get a loan? Tue, 10 Jul 2012 11:00:00 EDT http://download.publicradio.org/video/marketplace/2012/07/eurobonds-explainer.mp4 American Public Media What exactly is a Eurobond and why are so many people interested in having them? Sr. Producer Paddy Hirsch explains with his own version of the Three Little Pigs. What happens when they try to get a loan? What exactly is a Eurobond and why are so many people interested in having them? Sr. Producer Paddy Hirsch explains with his own version of the Three Little Pigs. What happens when they try to get a loan? marketplace, Eurobond, Greece, business, economics, economy, paddy, hirsch, whiteboard 03:35 The Federal Reserve's most recent policy move is simply a way of driving down interest rates. But how does it work? Sr. Producer Paddy Hirsch explains Operation Twist with a simple analogy. Mon, 02 Jul 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/06/operation-twist-with-diamonds.mp4 American Public Media The Federal Reserve's most recent policy move is simply a way of driving down interest rates. But how does it work? Sr. Producer Paddy Hirsch explains Operation Twist with a simple analogy. The Federal Reserve's most recent policy move is simply a way of driving down interest rates. But how does it work? Sr. Producer Paddy Hirsch explains Operation Twist with a simple analogy. marketplace, Federal Reserve, interest rates, business, economics, economy, paddy, hirsch, whiteboard 04:05 Spain's debt costs are rising and some fear the nation may soon need a full-scale bailout. Sr. Producer Paddy Hirsch explains the big problem with Spain, using a housing analogy. Thu, 21 Jun 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/06/spain_pain.mp4 American Public Media Spain's debt costs are rising and some fear the nation may soon need a full-scale bailout. Sr. Producer Paddy Hirsch explains the big problem with Spain, using a housing analogy. Spain's debt costs are rising and some fear the nation may soon need a full-scale bailout. Sr. Producer Paddy Hirsch explains the big problem with Spain, using a housing analogy. marketplace, spain, eurozone banks, business, economics, economy, paddy, hirsch, whiteboard 03:54 A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy. Mon, 04 Jun 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/06/bank_run.mp4 American Public Media A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy. A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy. marketplace, FDIC, banking, banks, business, economics, economy, paddy, hirsch, Europe debt crisis, bank run, Lehman Brothers 04:06 Big bets on an obscure index lay at the heart of JPMorgan's losses this week. Sr. Producer Paddy Hirsch explains how an index of CDS works. Mon, 14 May 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/05/index-of-credit-default-swaps.mp4 American Public Media Big bets on an obscure index lay at the heart of JPMorgan's losses this week. Sr. Producer Paddy Hirsch explains how an index of CDS works. Big bets on an obscure index lay at the heart of JPMorgan's losses this week. Sr. Producer Paddy Hirsch explains how an index of CDS works. marketplace, FDIC, banking, banks, business, economics, economy, paddy, hirsch 02:17 Surely you've heard the term assets -- they can be toxic, liquid, or tangible. Sr. Producer Paddy Hirsch explains what the word “assets” really means. Wed, 09 May 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/05/assets-what-are-they-anyway.mp4 American Public Media Surely you've heard the term assets -- they can be toxic, liquid, or tangible. Sr. Producer Paddy Hirsch explains what the word “assets” really means. Surely you've heard the term assets -- they can be toxic, liquid, or tangible. Sr. Producer Paddy Hirsch explains what the word “assets” really means. marketplace, FDIC, banking, banks, business, economics, economy, paddy, hirsch 02:22 Seventeen banks have failed so far this year, but their customers can rest easy -- thanks to the Federal Deposit Insurance Corporation, as Sr. Producer Paddy Hirsch explains. Fri, 27 Apr 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/04/Explaining_the_FDIC.mp4 American Public Media Seventeen banks have failed so far this year, but their customers can rest easy -- thanks to the Federal Deposit Insurance Corporation, as Sr. Producer Paddy Hirsch explains. Seventeen banks have failed so far this year, but their customers can rest easy -- thanks to the Federal Deposit Insurance Corporation, as Sr. Producer Paddy Hirsch explains. marketplace, FDIC, banking, banks, business, economics, economy, paddy, hirsch 02:22 Shadow banking has grown since the financial crisis. Sr. Producer Paddy Hirsch casts a light on the system and explains why it's so dangerous. Tue, 17 Apr 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/04/Shadow-banking-threat.mp4 American Public Media Shadow banking has grown since the financial crisis. Sr. Producer Paddy Hirsch casts a light on the system and explains why it's so dangerous. Shadow banking has grown since the financial crisis. Sr. Producer Paddy Hirsch casts a light on the system and explains why it's so dangerous. marketplace, shadow banking, banking, banks, business, economics, economy, paddy, hirsch 03:40 Sr. Producer Paddy Hirsch explains the responsibilities of a fiduciary with a taxi metaphor. Mon, 19 Mar 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/03/The_role_of_a_fiduciary.mp4 American Public Media Sr. Producer Paddy Hirsch explains the responsibilities of a fiduciary with a taxi metaphor. Sr. Producer Paddy Hirsch explains the responsibilities of a fiduciary with a taxi metaphor. marketplace, fiduciary, business, economics, economy, paddy, hirsch 02:58 Lawmakers are considering yet another bill to ban insider trading. But the term "insider trading" seems open to interpretation. Sr. Producer Paddy Hirsch helps us understand what it is and why it's a big deal. Thu, 08 Mar 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/03/insider_trading.mp4 American Public Media Lawmakers are considering yet another bill to ban insider trading. But the term "insider trading" seems open to interpretation. Sr. Producer Paddy Hirsch helps us understand what it is and why it's a big deal. Lawmakers are considering yet another bill to ban insider trading. But the term "insider trading" seems open to interpretation. Sr. Producer Paddy Hirsch helps us understand what it is and why it's a big deal. marketplace, insider trading, investing, business, economics, economy, paddy, hirsch 03:36 Private equity funds are groups of investors that flip companies for a profit. It’s the technique they use that makes them special, as senior producer Paddy Hirsch explains. Mon, 05 Mar 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/03/Private_equity_explained.mp4 American Public Media Private equity funds are groups of investors that flip companies for a profit. It’s the technique they use that makes them special, as senior producer Paddy Hirsch explains. Private equity funds are groups of investors that flip companies for a profit. It’s the technique they use that makes them special, as senior producer Paddy Hirsch explains. marketplace, private equity, business, economics, economy, paddy, hirsch 04:06 Junk. Not a nice word. And when it comes to bonds, not a particularly accurate word, either. Junk is something useless, right? Well, "junk" bonds are definitely not useless. In fact they're extremely useful. Sometimes. Marketplace Senior Producer Paddy Hirsch explains what a junk bond really is. Fri, 02 Mar 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/03/What-is-a-junk-bond.mp4 American Public Media Junk. Not a nice word. And when it comes to bonds, not a particularly accurate word, either. Junk is something useless, right? Well, "junk" bonds are definitely not useless. In fact they're extremely useful. Sometimes. Marketplace Senior Producer Paddy Hirsch explains what a junk bond really is. Junk. Not a nice word. And when it comes to bonds, not a particularly accurate word, either. Junk is something useless, right? Well, "junk" bonds are definitely not useless. In fact they're extremely useful. Sometimes. Marketplace Senior Producer Paddy Hirsch explains what a junk bond really is. marketplace, junk bond, business, economics, economy, paddy, hirsch 04:01 Proprietary trading is the target of the Volcker Rule, a centerpiece of the Dodd-Frank financial reform act. Marketplace's Paddy Hirsch explains what it is, and why it's potentially dangerous for our savings and the financial system. Thu, 23 Feb 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/02/proprietary_trading.mp4 American Public Media Proprietary trading is the target of the Volcker Rule, a centerpiece of the Dodd-Frank financial reform act. Marketplace's Paddy Hirsch explains what it is, and why it's potentially dangerous for our savings and the financial system. Proprietary trading is the target of the Volcker Rule, a centerpiece of the Dodd-Frank financial reform act. Marketplace's Paddy Hirsch explains what it is, and why it's potentially dangerous for our savings and the financial system. marketplace, dodd-frank, volcker rule, financial reform, proprietary trading, business, economics, economy, paddy, hirsch 03:26 So Facebook has filed to go public. How exactly does an initial public offering work? Marketplace's Paddy Hirsch explains. Thu, 02 Feb 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/02/whats_an_ipo.mp4 American Public Media So Facebook has filed to go public. How exactly does an initial public offering work? Marketplace's Paddy Hirsch explains. So Facebook has filed to go public. How exactly does an initial public offering work? Marketplace's Paddy Hirsch explains. marketplace, IPO, initial public offering, investing, business, economics, economy, paddy, hirsch 04:01 Learn the difference between secured and unsecured debt -- a lesson that Irish taxpayers could use as they face the prospect of footing the bill for the bailout of state-owned Anglo Irish Bank. Thu, 26 Jan 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/01/secured_vs_unsecured.mp4 American Public Media Learn the difference between secured and unsecured debt -- a lesson that Irish taxpayers could use as they face the prospect of footing the bill for the bailout of state-owned Anglo Irish Bank. Learn the difference between secured and unsecured debt -- a lesson that Irish taxpayers could use as they face the prospect of footing the bill for the bailout of state-owned Anglo Irish Bank. marketplace, secured debt, unsecured debt, Anglo Irish Bank, business, economics, economy, paddy, hirsch 03:16 If ever there was a word that you’d expect to find in a Harry Potter novel, it’s re-hypothecation. But it's not just a magic trick. Wed, 04 Jan 2012 14:00:00 EDT http://download.publicradio.org/video/marketplace/2012/01/rehypothecation.mp4 American Public Media If ever there was a word that you’d expect to find in a Harry Potter novel, it’s re-hypothecation. But it's not just a magic trick. If ever there was a word that you’d expect to find in a Harry Potter novel, it’s re-hypothecation. But it's not just a magic trick. marketplace, re-hypothecation, hypothecation, business, economics, economy, paddy, hirsch 03:16 Marketplace Money Senior Producer Paddy Hirsch explains why Europe need dollars instead of euros as the EU tries to sort out their financial problems. Mon, 05 Dec 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/12/why-does-the-EU-want-US-dollars.mp4 American Public Media Marketplace Money Senior Producer Paddy Hirsch explains why Europe need dollars instead of euros as the EU tries to sort out their financial problems. Marketplace Money Senior Producer Paddy Hirsch explains why Europe need dollars instead of euros as the EU tries to sort out their financial problems. marketplace, double, dip, recession, business, economics, economy, depreciation, paddy, hirsch 03:36 Ringfence is the latest economic buzzword. Some analysts say we should ring fence troubled nations in Europe, like France, Italy, and Spain. But what does that mean? Marketplace's Paddy Hirsch explains. Tue, 29 Nov 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/11/ringfencing.mp4 American Public Media Ringfence is the latest economic buzzword. Some analysts say we should ring fence troubled nations in Europe, like France, Italy, and Spain. But what does that mean? Marketplace's Paddy Hirsch explains. Ringfence is the latest economic buzzword. Some analysts say we should ring fence troubled nations in Europe, like France, Italy, and Spain. But what does that mean? Marketplace's Paddy Hirsch explains. marketplace, ringfencing, eurozone, business, economics, economy, depreciation, paddy, hirsch 04:06 Berlusconi may be gone, but Italy's problems persists. Senior Editor Paddy Hirsch explains how Italy got into the mess it's in today. Mon, 14 Nov 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/11/root-of-Italys-problems.mp4 American Public Media Berlusconi may be gone, but Italy's problems persists. Senior Editor Paddy Hirsch explains how Italy got into the mess it's in today. Berlusconi may be gone, but Italy's problems persists. Senior Editor Paddy Hirsch explains how Italy got into the mess it's in today. marketplace, Italy, Berlusconi, business, economics, economy, depreciation, paddy, hirsch 03:56 f Greece accepts the terms of a new aid package it's expected to get a haircut on its debt. But Marketplace Sr. Editor Paddy Hirsch explains why that haircut is more like a scalping -- and it's not Greece that will suffer the pain. Mon, 07 Nov 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/11/haircut-more-dangerous-than-it-sounds.mp4 American Public Media f Greece accepts the terms of a new aid package it's expected to get a haircut on its debt. But Marketplace Sr. Editor Paddy Hirsch explains why that haircut is more like a scalping -- and it's not Greece that will suffer the pain. f Greece accepts the terms of a new aid package it's expected to get a haircut on its debt. But Marketplace Sr. Editor Paddy Hirsch explains why that haircut is more like a scalping -- and it's not Greece that will suffer the pain. marketplace, greek, bailout, haircut, paddy, hirsch 03:42 Marketplace Senior Editor Paddy Hirsch explains why exposure -- whether to European sovereign debt or to the sun -- is not always a bad thing. Fri, 21 Oct 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/10/why-exposure-isnt-always-bad.mp4 American Public Media Marketplace Senior Editor Paddy Hirsch explains why exposure -- whether to European sovereign debt or to the sun -- is not always a bad thing. Marketplace Senior Editor Paddy Hirsch explains why exposure -- whether to European sovereign debt or to the sun -- is not always a bad thing. marketplace, exposure, greek debt, paddy, hirsch 02:50 Companies are hoarding cash -- to cushion themselves if the economy worsens. But where do they keep all that money? Senior Editor Paddy Hirsch explains. Fri, 30 Sep 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/09/where-do-companies-keep-their-cash.mp4 American Public Media Companies are hoarding cash -- to cushion themselves if the economy worsens. But where do they keep all that money? Senior Editor Paddy Hirsch explains. Companies are hoarding cash -- to cushion themselves if the economy worsens. But where do they keep all that money? Senior Editor Paddy Hirsch explains. marketplace, corporations, cash, paddy, hirsch 05:21 If you've been following what the Federal Reserve is doing with the interest rate, you have probably heard them talk about the yield curve. Marketplace Senior Editor Paddy Hirsch explains what the curve is and what happens if it gets flattened. Mon, 12 Sep 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/09/what-is-a-yield-curve.mp4 American Public Media If you've been following what the Federal Reserve is doing with the interest rate, you have probably heard them talk about the yield curve. Marketplace Senior Editor Paddy Hirsch explains what the curve is and what happens if it gets flattened. If you've been following what the Federal Reserve is doing with the interest rate, you have probably heard them talk about the yield curve. Marketplace Senior Editor Paddy Hirsch explains what the curve is and what happens if it gets flattened. marketplace, federal, reserve, yield, curve, paddy, hirsch 04:31 Often conflated, often confused, fiscal and monetary policies take very different approaches to influence the economy. And use two very different departments: the government and the Fed. Senior Editor Paddy Hirsch explains. Mon, 05 Sep 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/09/fiscal-policy-vs-monetary-policy.mp4 American Public Media Often conflated, often confused, fiscal and monetary policies take very different approaches to influence the economy. And use two very different departments: the government and the Fed. Senior Editor Paddy Hirsch explains. Often conflated, often confused, fiscal and monetary policies take very different approaches to influence the economy. And use two very different departments: the government and the Fed. Senior Editor Paddy Hirsch explains. marketplace, fiscal, monetary, policy, paddy, hirsch 05:49 James Bond is a weapon of last resort, the man you send in when diplomacy and threats have failed. Eurobond is a similar sort of chap... Mon, 15 Aug 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/08/the-names-eurobond.mp4 American Public Media James Bond is a weapon of last resort, the man you send in when diplomacy and threats have failed. Eurobond is a similar sort of chap... James Bond is a weapon of last resort, the man you send in when diplomacy and threats have failed. Eurobond is a similar sort of chap... marketplace, bond, europe, eurobond, paddy, hirsch 05:03 How credit agencies work from Marketplace on Vimeo. Here's how I look at it. Imagine a house, full of medical students, none of whom have a... Mon, 08 Aug 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/08/how-credit-agencies-work.mp4 American Public Media How credit agencies work from Marketplace on Vimeo. Here's how I look at it. Imagine a house, full of medical students, none of whom have a... How credit agencies work from Marketplace on Vimeo. Here's how I look at it. Imagine a house, full of medical students, none of whom have a... marketplace, downgrade, ratings, debt, paddy, hirsch 06:30 If the U.S. economy were an airport, the debt-ceiling debate on Capitol Hill is like a dark cloud causing flight delays, says Senior Editor Paddy Hirsch in his latest Whiteboard video. Mon, 25 Jul 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/07/debt-ceiling-debate-clouding-economy.mp4 American Public Media If the U.S. economy were an airport, the debt-ceiling debate on Capitol Hill is like a dark cloud causing flight delays, says Senior Editor Paddy Hirsch in his latest Whiteboard video. If the U.S. economy were an airport, the debt-ceiling debate on Capitol Hill is like a dark cloud causing flight delays, says Senior Editor Paddy Hirsch in his latest Whiteboard video. marketplace, debt, ceiling, economy, paddy, hirsch 03:41 Paddy Hirsch returns to the Whiteboard to explain the history of the Mae Family Tree. The fate of Fannie Mae and Freddie Mac, the government-spo... Mon, 28 Mar 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/03/meet-the-maes.m4v American Public Media Paddy Hirsch returns to the Whiteboard to explain the history of the Mae Family Tree. The fate of Fannie Mae and Freddie Mac, the government-spo... Paddy Hirsch returns to the Whiteboard to explain the history of the Mae Family Tree. The fate of Fannie Mae and Freddie Mac, the government-spo... marketplace, fannie, mae, freddie, mac, paddy, hirsch 07:13 With the government borrowing even more money, and pushing America's debt levels sky high, there's a lot of talk about a doube-dip recession. Paddy Hirsch explains what a double dip is, and what it might look like. Mon, 31 Jan 2011 14:00:00 EDT http://download.publicradio.org/video/marketplace/2011/01/18/whiteboard-double-dip.m4v American Public Media With the government borrowing even more money, and pushing America's debt levels sky high, there's a lot of talk about a doube-dip recession. Paddy Hirsch explains what a double dip is, and what it might look like. With the government borrowing even more money, and pushing America's debt levels sky high, there's a lot of talk about a doube-dip recession. Paddy Hirsch explains what a double dip is, and what it might look like. marketplace, double, dip, recession, business, economics, economy, depreciation, paddy, hirsch 04:53 The Federal Reserve is trying to stimulate the economy by buying billions of dollars worth of bonds from banks. Senior Editor Paddy Hirsch explains how that's supposed to work. Thu, 07 Oct 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/10/07/whiteboard-fed-buyback.m4v American Public Media The Federal Reserve is trying to stimulate the economy by buying billions of dollars worth of bonds from banks. Senior Editor Paddy Hirsch explains how that's supposed to work. The Federal Reserve is trying to stimulate the economy by buying billions of dollars worth of bonds from banks. Senior Editor Paddy Hirsch explains how that's supposed to work. marketplace, banking, bonds, bernanke, rate, business, economics, economy, depreciation, paddy, hirsch 05:27 With interest rates in the U.S. at historic lows, some economists are worried that Americans involved in the carry trade could drive down the value of the dollar. Senior Editor Paddy Hirsch explains how the carry trade works, and why some people are worried about its return to the markets. Fri, 06 Aug 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/08/06/whiteboard_carry_trade.m4v American Public Media With interest rates in the U.S. at historic lows, some economists are worried that Americans involved in the carry trade could drive down the value of the dollar. Senior Editor Paddy Hirsch explains how the carry trade works, and why some people are worried about its return to the markets. With interest rates in the U.S. at historic lows, some economists are worried that Americans involved in the carry trade could drive down the value of the dollar. Senior Editor Paddy Hirsch explains how the carry trade works, and why some people are worried about its return to the markets. marketplace, banking, currency, exchange, rate, business, economics, economy, depreciation, paddy, hirsch 04:43 Tier 1 capital is the money that's at the core of every bank. But, like everything else in banking, it's subject to definition, and bankers still can't agree on the terms. Senior Editor Paddy Hirsch explains. Fri, 30 Jul 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/07/30/whiteboard_tier_1_capital.m4v American Public Media Tier 1 capital is the money that's at the core of every bank. But, like everything else in banking, it's subject to definition, and bankers still can't agree on the terms. Senior Editor Paddy Hirsch explains. Tier 1 capital is the money that's at the core of every bank. But, like everything else in banking, it's subject to definition, and bankers still can't agree on the terms. Senior Editor Paddy Hirsch explains. marketplace, banking, banks, financial, regulation, tier, capital, basel, business, economics, economy, financial, reform, paddy, hirsch 04:36 The part of the financial system that lends the most money to Americans remains almost untouched by regulation. It's shadow banking, as Paddy Hirsch explains. Wed, 21 Jul 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/07/21/whiteboard_shadow_banking_redux.m4v American Public Media The part of the financial system that lends the most money to Americans remains almost untouched by regulation. It's shadow banking, as Paddy Hirsch explains. The part of the financial system that lends the most money to Americans remains almost untouched by regulation. It's shadow banking, as Paddy Hirsch explains. marketplace, shadow, banking, banks, america, financial, regulation, wall, street, business, economics, economy, financial, reform, paddy, hirsch 05:17 The Securities and Exchange Commission wants to make equity markets safer by pushing market makers to tighten up their standards, and stop making so-called stub quotes. Paddy Hirsch explains. Tue, 15 Jun 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/07/13/whiteboard_stubs.m4v American Public Media The Securities and Exchange Commission wants to make equity markets safer by pushing market makers to tighten up their standards, and stop making so-called stub quotes. Paddy Hirsch explains. The Securities and Exchange Commission wants to make equity markets safer by pushing market makers to tighten up their standards, and stop making so-called stub quotes. Paddy Hirsch explains. marketplace, sec, market, makers, stub, quotes, stocks, trading, wall, street, business, economics, economy, financial, reform, paddy, hirsch 06:06 Pressure from the US may have pushed China to unpeg its currency from the dollar this week. But how did that peg work in the first place? Paddy Hirsch explains. Fri, 25 Jun 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/06/25/whiteboard_currency_pegs.m4v American Public Media Pressure from the US may have pushed China to unpeg its currency from the dollar this week. But how did that peg work in the first place? Paddy Hirsch explains. Pressure from the US may have pushed China to unpeg its currency from the dollar this week. But how did that peg work in the first place? Paddy Hirsch explains. marketplace, currency, peg, china, monetary, policy, banks, congress, economy, money, business, paddy, hirsch 05:11 It looks certain that some version of the so-called Volcker rule will make it into the financial reform package being prepared by the U.S. Congress. Paddy Hirsch explains what the Volcker rule is. Fri, 28 May 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/05/28/whiteboard_volcker.m4v American Public Media It looks certain that some version of the so-called Volcker rule willmake it into the financial reform package being prepared by the U.S. Congress. Paddy Hirsch explains what the Volcker rule is. It looks certain that some version of the so-called Volcker rule will make it into the financial reform package being prepared by the U.S. Congress. Paddy Hirsch explains what the Volcker rule is. marketplace, volcker, rule, financial, reform, banks, congress, economy, money, business, paddy, hirsch, economy, banks 06:01 Investor lawsuits over failed bank investments are becoming more commonplace. As Senior Editor Paddy Hirsch explains in the latest from his Whiteboard series, it all comes down to a little thing called fiduciary. Fri, 14 May 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/05/14/whiteboard_fiduciary.m4v American Public Media Investor lawsuits over failed bank investments are becoming more commonplace. As Senior Editor Paddy Hirsch explains in the latest from his Whiteboard series, it all comes down to a little thing called fiduciary. Investor lawsuits over failed bank investments are becoming more commonplace. As Senior Editor Paddy Hirsch explains in the latest from his Whiteboard series, it all comes down to a little thing called fiduciary. marketplace, fiduciary, responsibility, lending, banks, freeze, economy, money, business, paddy, hirsch, economy, banks 06:50 Europe is teetering on the edge of a credit crisis, and markets all around the world are tumbling as investors worry about contagion. It's all about banks not trusting each other, as Senior Editor Paddy Hirsch explains. Fri, 07 May 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/05/07/whiteboard_counterparty_risk.m4v American Public Media Europe is teetering on the edge of a credit crisis, and markets all around the world are tumbling as investors worry about contagion. It's all about banks not trusting each other, as Senior Editor Paddy Hirsch explains. Europe is teetering on the edge of a credit crisis, and markets all around the world are tumbling as investors worry about contagion. It's all about banks not trusting each other, as Senior Editor Paddy Hirsch explains. marketplace, europe, greece, credit, lending, banks, freeze, economy, money, business, paddy, hirsch, economy, banks 06:54 Lots of people are puzzling through the SEC's fraud allegations against Goldman Sachs, trying to work out how it allegedly committed fraud. The way Paddy Hirsch sees it, it's a bit like a bookie and gambler teaming up to fix a horse race. Fri, 16 Apr 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/04/16/whiteboard_goldman.m4v American Public Media Lots of people are puzzling through the SEC's fraud allegations against Goldman Sachs, trying to work out how it allegedly committed fraud. The way Paddy Hirsch sees it, it's a bit like a bookie and gambler teaming up to fix a horse race. Lots of people are puzzling through the SEC's fraud allegations against Goldman Sachs, trying to work out how it allegedly committed fraud. The way Paddy Hirsch sees it, it's a bit like a bookie and gambler teaming up to fix a horse race. marketplace, sec, goldman, sachs, paulson, fraud, abacus, money, business, paddy, hirsch, economy, banks 06:47 The Federal Reserve said this week it will no longer buy mortgage backed securities from Fannie Mae and Freddie Mac. Some people worry mortgage rates could rise as a result. Senior Editor Paddy Hirsch explains why. Fri, 02 Apr 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/04/02/whiteboard_fannie_freddie_fed.m4v American Public Media The Federal Reserve said this week it will no longer buy mortgage backed securities from Fannie Mae and Freddie Mac. Some people worry mortgage rates could rise as a result. Senior Editor Paddy Hirsch explains why. The Federal Reserve said this week it will no longer buy mortgage backed securities from Fannie Mae and Freddie Mac. Some people worry mortgage rates could rise as a result. Senior Editor Paddy Hirsch explains why. marketplace, freddie, mae, fannie, fed loan, banks, financial, crisis, money, business, paddy, hirsch, economy 7:56 Lyondell Chemical issued the fist covenant-lite loan since the financial crisis subsided. Senior editor Paddy Hirsch explains what a cov-lite loan is, and why their return could be bad for the economy. Mon, 29 Mar 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/03/29/whiteboard_cov_lite.m4v American Public Media Lyondell Chemical issued the fist covenant-lite loan since the financial crisis subsided. Senior editor Paddy Hirsch explains what a cov-lite loan is, and why their return could be bad for the economy. Lyondell Chemical issued the fist covenant-lite loan since the financial crisis subsided. Senior editor Paddy Hirsch explains what a cov-lite loan is, and why their return could be bad for the economy. marketplace, covenant, market, loan, lite, banks, financial, crisis, money, business, paddy, hirsch, economy 5:29 Collateralized loan obligations are back! Paddy Hirsch explains what CLOs are, and why they're important. Tue, 16 Mar 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/03/16/whiteboard_clos.m4v American Public Media Collateralized loan obligations are back! Paddy Hirsch explains what CLOs are, and why they're important. Collateralized loan obligations are back! Paddy Hirsch explains what CLOs are, and why they're important. marketplace, collateralized, market, loan, obligation lending, financial, crisis, money, citi, business, paddy, hirsch, economy 8:01 It's the title of a dubious financing transaction that Lehman Brothers used in 2008 to make its balance sheet look healthier than it really was. Senior Editor Paddy Hirsch takes a stab at explaining how Repo 105 worked. Fri, 12 Mar 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/03/12/whiteboard_repo_105.m4v American Public Media TheIt's the title of a dubious financing transaction that Lehman Brothers used in 2008 to make its balance sheet look healthier than it really was. Senior Editor Paddy Hirsch takes a stab at explaining how Repo 105 worked. It's the title of a dubious financing transaction that Lehman Brothers used in 2008 to make its balance sheet look healthier than it really was. Senior Editor Paddy Hirsch takes a stab at explaining how Repo 105 worked. marketplace, repo, market, lehman, brothers, lending, financial, crisis, money, debt, business, paddy, hirsch, economy 05:58 The Federal Housing Administration is being criticized for underwriting subprime loans, which critics say could lead to another wave of loan failures. Senior Editor Paddy Hirsch explains subprime lending and its inherent risks. Tue, 16 Feb 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/02/16/whiteboard_subprime.m4v American Public Media The Federal Housing Administration is being criticized for underwriting subprime loans, which critics say could lead to another wave of loan failures. Senior Editor Paddy Hirsch explains subprime lending and its inherent risks. The Federal Housing Administration is being criticized for underwriting subprime loans, which critics say could lead to another wave of loan failures. Senior Editor Paddy Hirsch explains subprime lending and its inherent risks. marketplace, subprime, credit, fha, lending, financial, crisis, money, debt, business, paddy, hirsch, economy 06:42 Five little PIIGS. Senior Editor Paddy Hirsch explains why problems with certain European countries' sovereign debt could blow the house down. Fri, 05 Feb 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/02/05/whiteboard_piigs.m4v American Public Media Five little PIIGS. Senior Editor Paddy Hirsch explains why problems with certain European countries' sovereign debt could blow the house down. Five little PIIGS. Senior Editor Paddy Hirsch explains why problems with certain European countries' sovereign debt could blow the house down. marketplace, portugal, profits, euro, dollar, financial, crisis, money, greece, ireland, business, paddy, hirsch, economy 02:49 We keep hearing that the banks aren't lending. The truth is they are lending and making a lot of money doing it, thanks in large part to one very special borrower. Senior Editor Paddy Hirsch reports. Fri, 29 Jan 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/01/27/whiteboard_bank_profits.m4v American Public Media We keep hearing that the banks aren't lending. The truth is they are lending and making a lot of money doing it, thanks in large part to one very special borrower. Senior Editor Paddy Hirsch reports. We keep hearing that the banks aren't lending. The truth is they are lending and making a lot of money doing it, thanks in large part to one very special borrower. Senior Editor Paddy Hirsch reports. marketplace, bank, profits, fed, treasury, financial crisis, money, public radio, business, paddy, hirsch, economy 05:56 Ratings agencies are paid by the sellers of the securities they rate. Critics say there's a conflict of interest there. Senior Editor Paddy Hirsch explains. Tue, 19 Jan 2010 14:00:00 EDT http://download.publicradio.org/video/marketplace/2010/01/15/whiteboard_ratings.m4v American Public Media Ratings agencies are paid by the sellers of the securities they rate. Critics say there's a conflict of interest there. Senior Editor Paddy Hirsch explains. Ratings agencies are paid by the sellers of the securities they rate. Critics say there's a conflict of interest there. Senior Editor Paddy Hirsch explains. marketplace, ratings, fitch, moodys, financial crisis, money, public radio, business, paddy hirsch, economy 04:25 Commercial real estate is giving Ben Bernanke a big headache. Senior Editor Paddy Hirsch explains why its such a threat to the economy. Mon, 21 Dec 2009 14:00:00 EDT http://download.publicradio.org/video/marketplace/2009/12/21/whiteboard_commercial.m4v American Public Media Commercial real estate is giving Ben Bernanke a big headache. Senior Editor Paddy Hirsch explains why its such a threat to the economy. Commercial real estate is giving Ben Bernanke a big headache. Senior Editor Paddy Hirsch explains why its such a threat to the economy. marketplace, commercial, real, estate, financial crisis, money, public radio, business, paddy hirsch, economy 04:25 Confused about the theory of how interest rates can affect economic growth? Senior Editor Paddy Hirsch is here with a handy analogy. Tue, 15 Dec 2009 14:00:00 EDT http://download.publicradio.org/video/marketplace/2009/12/15/whiteboard_interest_rates_2.m4v American Public Media Confused about the theory of how interest rates can affect economic growth? Senior Editor Paddy Hirsch is here with a handy analogy. Confused about the theory of how interest rates can affect economic growth? Senior Editor Paddy Hirsch is here with a handy analogy. marketplace, interest rates, financial crisis, money, public radio, business, paddy hirsch, economy 02:21 We all know what a takeover is. That's when one company agrees to be bought by another. But what happens when companies don't agree and the takeover goes hostile? Senior Editor Paddy Hirsch explains. Thu, 19 Nov 2009 14:00:00 EDT http://download.publicradio.org/video/marketplace/2009/11/19/whiteboard_hostile_takeovers.m4v American Public Media We all know what a takeover is. That's when one company agrees to be bought by another. But what happens when companies don't agree and the takeover goes hostile? Senior Editor Paddy Hirsch explains. We all know what a takeover is. That's when one company agrees to be bought by another. But what happens when companies don't agree and the takeover goes hostile? Senior Editor Paddy Hirsch explains. marketplace, hostile takover, financial crisis, money, public radio, business, paddy hirsch, economy 05:34 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 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. 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