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How close were we to meltdown? Pretty damn close

According to Megan McArdle. She talks about money market funds, and explains a bit more what “breaking the dollar” means. Spooked investors, who did not want to lose out if the fund “broke the buck” started withdrawing as fast as their little fingers could punch the buttons on their phones. Now, this money market fund […]

Another perspective on the financial “crisis”

Doug Miller: [via Hal Rager] It strikes me that an insufficient number of financial analysts, brokers and executives are jumping out windows. We may need to help. Word.

50 East SGV Hospital Employees dismissed for medical fraud

MaryLu Wehmeier: They had forged CPR cards. She brings her perspective as a former hospital administrator to this situation. Too busy (working multiple jobs) to take a 4.5 hour class to get the actual certification? Yow. From my sources I learned that one or two of the local hospital employees, over at Queen of the […]

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].

Keith Olbermann has a special comment about… Subway?

OMG, Teh funny, it hurts! Direct YouTube link [hat tip Ezra Klein, who’s got all kinds of bailout bloggy goodness right now]