Monday, September 15, 2008

Good morning!

Posted By on 09.15.08 at 07:39 AM

Now would be a good time to read my primer on Big Shitpile. Calculated Risk and Eschaton will be good places to keep up with the bad news throughout the day. Krugman explains that the fairly recent phenomenon of the shadow banking system has created end-runs around federal asset protections that "creates the real possibility that 2008 could be 1931 revisited."

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