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!

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