Last week, in the wake of the near-implosion of mortgage insurer Fannie Mae, and with rumors swirling about the fate of Lehman Brothers, where the stock has plummeted 70 percent, I got an email from a friend. Instead of his usual pithy jokes -- he sent me his investment fund's second quarter report.
He wrote:
"Even as skeptics, we were amazed that the Federal Reserve kept interest rates so low for so long, that Congress and the Administration...
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