- Bubbles lead to busts. Busts lead to panics. And panics can lead to long, deep economic downturns, which is why the Fed had to 'bail out' Bear Stearns http://www.nytimes.com/2008/03/19/business/19leonhardt.html?pagewanted=2&_r=1&hp 3 comments reddit.com
- Most homeowners are doing fine. So why has a crisis in one small part of the mortgage market brought the entire financial system to the brink of collapse? Truth is, no one knows... http://www.nytimes.com/2008/03/19/business/19leonhardt.html?hp=&pagewanted=print 62 comments business
- Can’t Grasp Credit Crisis? Join the Club http://www.nytimes.com/2008/03/19/business/19leonhardt.html?hp 2 comments reddit.com
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