Print Сite this

This American Life: Toxie Asset by Planet Money

In January of 2010, the reporters of NPR News in cooperation with Planet Money have purchased a toxic asset to learn more about the 2008 financial crisis. Toxic assets are usually financial assets that have lost their value due to mortgages not being paid and cannot be sold at a good price anymore. The reporters acquired one of these and decided to look into its history, and learn the stories of the people who invested in it. After conducting their investigation, the events were documented in audio, text, and video form, which garnered a significant audience. One of the unique features of this project is the video presentation made by Planet Money, as the creators chose to portray the toxic asset as an anthropomorphized creature named “Toxie”.

We will write a
custom essay
specifically for you

for only $16.05 $11/page
308 certified writers online
Learn More

When recounting the story of Toxie, the reporters explain how “she” came to be, and how her life began at the peak of the housing market, progressed through the years. They visually show how subprime loans from banks made Toxie worse, with many borrowers being unable to or deciding not to pay their mortgages, abandoning the accumulated debt and property. With many people not paying the banks, the investors also did not get their money back, and quickly tried to get rid of their assets while they still have value. This shift is represented in the animated video as Toxies becoming weird and getting sent to the pet store to get sold at a large discount. The cuteness of the simplified presentation helped me to acknowledge the timeline and to get a better understanding of the more difficult parts of this event. The association of a toxic asset with a pet was useful for showing how different involved organizations influenced it, as well as to help the viewer base engage with the content.

Cite this paper

Select style

Reference

StudyCorgi. (2022, April 6). This American Life: Toxie Asset by Planet Money. Retrieved from https://studycorgi.com/this-american-life-toxie-asset-by-planet-money/

Reference

StudyCorgi. (2022, April 6). This American Life: Toxie Asset by Planet Money. https://studycorgi.com/this-american-life-toxie-asset-by-planet-money/

Work Cited

"This American Life: Toxie Asset by Planet Money." StudyCorgi, 6 Apr. 2022, studycorgi.com/this-american-life-toxie-asset-by-planet-money/.

* Hyperlink the URL after pasting it to your document

1. StudyCorgi. "This American Life: Toxie Asset by Planet Money." April 6, 2022. https://studycorgi.com/this-american-life-toxie-asset-by-planet-money/.


Bibliography


StudyCorgi. "This American Life: Toxie Asset by Planet Money." April 6, 2022. https://studycorgi.com/this-american-life-toxie-asset-by-planet-money/.

References

StudyCorgi. 2022. "This American Life: Toxie Asset by Planet Money." April 6, 2022. https://studycorgi.com/this-american-life-toxie-asset-by-planet-money/.

References

StudyCorgi. (2022) 'This American Life: Toxie Asset by Planet Money'. 6 April.

This paper was written and submitted to our database by a student to assist your with your own studies. You are free to use it to write your own assignment, however you must reference it properly.

If you are the original creator of this paper and no longer wish to have it published on StudyCorgi, request the removal.