Act One: Fire Sale in Kansas City
David and Chana buy a toxic asset, from a guy named Wit Solberg, who used to work on Wall Street and now helps small banks who've been saddled with toxic assets. Turns out...it's hard to buy a toxic asset.
David is on the Planet Money team, and is such a skilled radio reporter that sometimes we have to pinch ourselves to remember that this is his second career. His first? Nuclear physicist. No kidding. PhD and everything.