UNIDENTIFIED PERSON, BYLINE: NPR.
(SOUNDBITE OF MUSIC)
STACEY VANEK SMITH, HOST:
This is THE INDICATOR FROM PLANET MONEY. I’m Stacey Vanek Smith.
CARDIFF GARCIA, HOST:
And I’m Cardiff Garcia.
VANEK SMITH: So Cardiff, back in December, which of course seems like a lifetime ago, we at THE INDICATOR made an investment, you might remember.
GARCIA: Yeah, it was my Christmas present.
VANEK SMITH: It was your Christmas present. We bought a junk bond (laughter). Merry Christmas.
GARCIA: You’re right (laughter).
VANEK SMITH: But you wanted this.
GARCIA: I asked for it, yes.
VANEK SMITH: This is actually what you wanted for Christmas. Only you would want a junk bond. But we should explain what a junk bond is…
Read the full article at: https://www.npr.org/transcripts/903966182
