Tuesday, September 23, 2008

What's going on with the financial sector?

Here are a few good articles to help figure out just how specifically the American financial industry is attempting to go all 'splodey:

  1. An article covering what was up with Bear Stearns, Lehman, and the AIG bailout (which, amusingly, makes you the taxpayer the principal sponsor of Manchester United).
  2. How a run on money market funds in the last few days almost killed many, many more banks.
UPDATE: A really, really terse summary over at Kiplinger for all you ADD types.


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