Tuesday, July 29, 2008

Uncomfortable Answers to Questions on the Economy


By PETER S. GOODMAN
Published: July 19, 2008
From: www.nytimes.com

You have heard that Fannie and Freddie, their gentle names notwithstanding, may cripple the financial system without a large infusion of taxpayer money. You have gleaned that jobs are disappearing, housing prices are plummeting, and paychecks are effectively shrinking as food and energy prices soar. You have noted the disturbing talk of crisis hovering over Wall Street.

Whole article here

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