Posted in US Economy on March 20th, 2008 No Comments »
Thursday, March 20, 2008
Follow this link to a short, well written piece by David Leonhardt in the NYTimes that attempts to simplify the complexities of the current credit crisis.
It certainly helped me.
T
Posted in US Politics, US Economy on March 17th, 2008 No Comments »
Monday, March 17, 2008
Bear Stearns, the large New York based investment bank, was taken over by JP Morgan Chase yesterday in a fed sponsored deal that was unprecedented. The fed’s involvement is so unusual that it’s support of the deal smells of near-panic to many. Bear, which had traded at over $100/share as recently […]
