The Troubled Asset Relief Program (TARP) that is bailing out ailing U.S. banks can be tricky for laymen like me to understand. Thankfully, there's a slideshow in The New York Times that boils it down to short points.
HT: Cafe Hayek
Tuesday, April 07, 2009
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Otherwise known, in the financial community, as the Subprime Housing Investment Trust.
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