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Beware the latest email scam

From: Minister of the Treasury Paulson Subject: REQUEST FOR URGENT CONFIDENTIAL BUSINESS RELATIONSHIP Dear American: I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude. I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the […]

Last week in finances. What happened?

A Freakonomics guest post by Douglas W. Diamond and Anil K. Kashyap [via Megan McArdle, who calls them ‘professors from my alma mater’ at University of Chicago].