Amazing how fast this has been moving. The Wall Street Journal has provided excellent coverage with in-depth reporting including the corporate politics that mostly occur well out of sight. (The Journal’s editorial page remains, as it has been historically, mostly a source of comic relief.)
Pity the poor weeklies – the news keeps coming over the weekend and they usually close Thursday or Friday, so they are doomed to be a week behind the breaking news, except for their web sites. And with this story, a week changes everything. On the 18th Kenneth Rogoff, Harvard economics prof and former chief economist at the IMF, said the in the FT that the cure would take $1,000 billion, an impossible sum until a few days later when it became almost commonplace. Well, at least until Congress got into the act.

Filed under: Credit Crunch, regulation, risk, Technology