First - a happy Rosh Hashanah to all of my Jewish friends.
And then for the news:
- A decent & informative Q&A from The New York Times on the financial crisis.
- Confused over the credit crisis? You're not the only one. - Bubbles lead to busts. Busts lead to panics. And panics can lead to long, deep economic downturns, which is why the Fed has been taking unprecedented actions to restore confidence. "You say, 'My goodness, how could subprime mortgage loans take out the whole global financial system?' " Zandi said. "That's how."
- Bankruptcy, not bailout is the right answer - an interesting perspective.
That's all for now.
1 comment:
That NYT Q&A is great.
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