What the Heck Just Happened?

I tend not to follow current news.  It’s shameful, but I’m more likely to remember who won the last challenge in Project Runway than know what’s happening on Wall Street.  But after this past Monday, with the failure of Lehman Bros, even I am starting to tune in more.

If you’re at all curious about what’s going on financially, there’s a great explanation of what happened with Fannie, Freddie, Bear Stearns, Lehman and so much more up at the New York Times opinion section.  Freakanomics author Steven Levitt rounded up two economists to explain to the populace just what the heck happened.

In related news, if you’re wondering what you can do to be safe, the brilliant people over at The Consumerist posted a great article on What to do in These Uncertain Financial Times.

I’ll be taking their advice and will be very, very thankful that I have a good and stable job.

Are you doing anything to feel more secure?

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One response to “What the Heck Just Happened?

  1. I think we shall focus on career and cutting back/saving. I don’t want to get back into stocks. Plus with what disposable income?

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