Paul Krugman has a very good column (that you may have to login for, sorry) about the shadow banking system and our current economic mess. His main point is that long ago, the government agreed to bail out the banks if the banks would agree to us regulating the risks they took, but now a lot of the risk is in unregulated institutions that we are now bailing out, and do you think they'll accept new regulations in the current political climate? Or do you think they'll continue to try to privatize profits and socialize losses?
Anyway, a neat feature of the article and the Times now is that you can double click on any word in the article, and a little window opens up with a dictionary definition of the word.
Posted by Observer at March 23, 2008 10:58 PMComments on entries can only be made in pop-up windows while those entries are still on the main index page. Sorry for the inconvenience this causes, but this blocks about 99.99% of the spam the blog receives.