Search This Blog

Monday, April 19

Bet Against The American Dream

PRICELESS! leave it to Broadway (and npr)...

Bet Against the American Dream from Alexander Hotz on Vimeo.

To hear the true story that inspired the song, go to

This project is part of Planet Money, which is a co-production of NPR News and This American Life.
Planet Money's blog and podcast are at

Ira talks about a friend who for years had a very trusted business partner and bookkeeper, until one day when he ran away with all of her money. (1 1/2 minutes)
A hedge fund named Magnetar comes up with an elaborate plan to make money. It sponsors the creation of complicated and ultimately toxic financial securities... while at the same time betting against the very securities it helped create. Planet Money's Alex Blumberg teams up with two investigative reporters from ProPublica, Jake Bernstein and Jesse Eisinger, to tell the story. Jake and Jesse pored through thousands of pages of documents and interviewed dozens of Wall Street Insiders. We bring you the result: a tale of intrigue and questionable behavior, which parallels quite closely the plot of a Mel Brooks musical.

If you have any questions after hearing this story, you can email the ProPublica team for an answer. (40 minutes)

We commissioned a Broadway song to go along with this story, which you can listen to here. (Click to stream; right click or control click to download.)

You can also download the sheet music.


No comments: