Planet Money reporter Chana Joffe-Walt asks a simple question: Who was the federal regulator who was supposed to be regulating AIG? The answer turns out to be far from simple.
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Alex Blumberg and NPR correspondent (and "Planet Money" reporter) Dave Kestenbaum examine what went wrong with the credit ratings agencies. When all these financial instruments that brought down our economy—the mortgage backed securities, the derivatives—were originally issued, the rating agencies (Standard and Poors, Moody's and Fitch) gave many of these things their top rating of triple-A.
Our crack economics duo, Producer Alex Blumberg and NPR International Economics Correspondent Adam Davidson, on how a dead, slutty, elitist British man, John Maynard Keynes, is about to take over the American economy. President Obama's new stimulus plan relies on Keynes'; theory, which says that government can spend its way out of a downward economic spiral.