Worst Crisis Since '30s, With No End Yet in Sight

Lingering hopes that the damage could be contained to a handful of financial institutions that made bad bets on mortgages have evaporated. New fault lines are emerging beyond the original problem -- troubled subprime mortgages -- in areas like credit-default swaps, the credit insurance contracts sold by American International Group Inc. and others. Full Story »

Posted by Derek Hawkins

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Review

Jack Dinkmeyer
3.8
by Jack Dinkmeyer - Oct. 1, 2008

The article manages to make financial jargon understandable for us common folk. The information is valuable as far as it goes, but given the conservative proclivity of the WSJ, it’s understandable why they don’t dare step into the quagmire of explanations about neocon’s responsibilities for this mess—which could have been avoided. Let's hope this crisis doesn't become worse than the 30s.

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Jack's Rating

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3.8

Good
from 13 answers
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3.7
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4.0
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3.0
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3.0
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4.0
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2.0
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4.0
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4.5
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4.0
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5.0
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