Weekend Reading: On the Edge

Good Sunday afternoon, and welcome to Weekend Reading. First, a look back at the week that just finished, then a look forward to the week ahead, and finally, a summary of articles and papers worth reading.

We teetered on a precipice again last week. Credit markets locked up, risk spreads were at historical levels and we had the largest bank failure in U.S. history. All the while, Congress fiddled and played politics. The result: declines in all three major U.S. indices, and a clear sense that another week without a bailout would be a disaster.

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