The Longest Year

December 31, 2009

The year that ends tonight has been the longest of my life. For me — and for a lot of other people — it began on Sept. 15, 2008. That was the day Lehman Brothers collapsed, Merrill Lynch and American International Group teetered, and the world looked into an economic abyss. Everything we thought we knew about our financial lives was called into question, from how to determine the value …

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Congressional Kangaroos Hold Court

June 30, 2009

The kangaroos are holding court on Capitol Hill, where a House committee suspects Federal Reserve Chairman Ben Bernanke of preventing another economic train wreck. Bernanke was perp-walked last week in televised hearings that explored his role in the acquisition of Merrill Lynch by Bank of America. (In case you don’t know the term, a perp walk occurs when the authorities parade an arrested suspect, usually handcuffed, in front of news …

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