The dummies guide to the recession

by Rafael Ferreira

So, let’s say you find yourself in a social gathering of sorts this year and someone asks you “So, how about that new CDO regulatory framework bill?” Well, you definitely would not enjoy responding with the ever dense “hmm?” Instead, you should rush to the New York Times and read their excellent recap of what happened.

Start here:
http://www.nytimes.com/2009/01/04/opinion/04lewiseinhorn.html?_r=2&hp=&pagewanted=all