This was the week that the sub-prime lending debacle turned into a full-blown financial crisis. Look beyond the Federal Reserve Board’s new $400 billion special lending facility for the holders of mortgage-backed securities that was announced last week; look beyond its bailout of Bear Stearns.
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How Did It Become So Dangerous?
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This was the week that the sub-prime lending debacle turned into a full-blown financial crisis. Look beyond the Federal Reserve Board’s new $400 billion special lending facility for the holders of mortgage-backed securities that was announced last week; look beyond its bailout of Bear Stearns.