Aig, lehman, Bear sterns, Paulson, Ben Bernanke, Fed, ….if these words have been ringing in your head, and you do not understand what really happened, join me!

There are many like us …so as usual I searched and a friend obliged. So here is the link – please read it:

http://freakonomics.blogs.nytimes.com/2008/09/18/diamond-and-kashyap-on-the-recent-financial-upheavals/?em

I hope you like it. It is in simple English…however if you have any queries, I will happily reply to them!