April 29, 2009

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

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."

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.

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.