Economic Crisis Explained – round four

by taxi - October 3, 2008 8:40am

Rescuing AIG, it turns out, may have actually rescued Europe from a total financial collapse, according to this article in yesterday’s Telegraph. But their house of cards on the other side of the Atlantic is just as plugged into the rest of the world as our house of cards is, here in America. The entire world economy, in fact, has this house of cards to deal with.

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