The hosts of NPR's Planet Money are conducting an experiment with toxic real estate assets, spending $1000 for a 1/36 share in a mortgage bond which, before the Great Bum-out of 2009, had been worth $2.7 million.
For now, it's paying. But how long can the money keep rolling in? You can track their progress here [NPR] .
More at [Creditbloggers]
33 minutes ago