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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

April 29, 2009

The Washington Post staff share their picks for readings around the Web.

The Fetishization of Boldness

New Yorker | James Surowiecki defends the Obama administration's handling of the crisis, arguing that much of the criticism amounts to a "fetishization of boldness."

How Libertarian Dogma Led the Fed Astray

Financial Times | Henry Kaufman zeroes in on a reason the Federal Reserve failed to rein in the risk-taking that caused the crisis: An institutional philosophy that veers toward the libertarian, placing too great a faith in the ability of private actors to contain their own excesses.

Bank Balance Sheet: Liquidity and Solvency

Calculated Risk blog | How does a bank balance sheet work, and what are the government rescue plans doing exactly? The blog Calculated Risk gives you a guided tour.

By Sara Goo  |  April 29, 2009; 2:08 PM ET
Categories:  Neil Irwin's Must Reads  
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