Articles making sense of our historic crisis
The causes of the historic collapse of the global financial and economic system are many and hard to grasp (esp. since trillions of dollars of credit default swap gambling trading losses remain secret to this day). I’ve learned from these excellent articles:
* Niall Ferguson’s Vanity Fair article Wall Street Lays Another Egg
* Paul Krugman’s New York Times article Bailouts for Bunglers
* Michael Lewis' Portfolio article The End
* Michael Lewis & David Einhorn’s New York Times article How to Repair a Broken Financial World
* Michael Lewis & David Einhorn’s New York Times article The End of the Financial World as We Know It
* James Lieber’s Village Voice article What Cooked the World’s Economy?
* Pam Martens' CounterPunch article The Two Trillion Dollar Black Hole
* Gretchen Morgenson’s New York Times article Time to Unravel the Knot of Credit-Default Swaps
* Joe Nocera’s New York Times article Risk Mismanagement
* Virginia Postrel’s Atlantic article Pop Psychology
* Joe Stiglitz’s Vanity Fair article Capitalist Fools
* Joe Stiglitz’s Vanity Fair article Reversal of Fortune
* Aaron Task’s Former Regulator: Clear Fraud in Financial Crisis — Why Isn’t Anyone in Jail?
* Nicholas Varchaver and Katie Benner’s Fortune article The $55 trillion question
* Michael Wolff’s Vanity Fair article The Ultimate Bubble?
Posted by James on Wednesday, February 04, 2009