An F.A.Q. to the financial crisis

Here is an F.A.Q. to the financial crisis that currently unfolds in the US and the rest of the world. It was posted on the Freakonomics Blog. The authors explain the recent events, for example why the Federal Reserve chose to save Bear Sterns but not Lehman Brothers. They also discuss how Freddie Mac and Fannie May not exactly did what they were supposed to do (reduce mortgage costs to homeowners), but rather glazed their own pie. An interesting read, check it out.



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