Two must read articles to sum up the year in finance:
Three Views of Three Big Failures -- a summary plus Merkel's notes of three articles (two on WaPo and one on Vanity Fair) about AIG, the GSEs, and the meltdown in general.
and:
Another Big Bank Failure: More Likely Than Not to Occur -- Middleton explains why we still have a long way to go before things look reasonable again in the capital markets.
Wednesday, December 31, 2008
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