It’s the question every parent dreads. “Mommy, what’s a collateralized debt obligation?” Who wants to be outed as an ignoramus by a kid? But with economic news blanketing the airwaves, such conversations are becoming almost impossible to avoid. Perhaps we should update children’s books in time for the holidays.
Goodnight, Citigroup: a short poem of rescue promises from a little treasury secretary trying to keep the economy from falling into a deep slumber.
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