April 16, 2009
David Kestenbaum's on Morning Edition Friday, talking more about Gary Stern and Ron Feldman's 2004 book, "Too Big To Fail: The Hazards of Bank Bailouts." We've posted an excerpt for you.
Bonus: The story includes gem of a quote from Federal Reserve Chairman Alan Greenspan about the concept of "too big to fail."
"I always took the position when I ended up on the Hill that Fannie and Freddie were not too big to fail. Needless to say, my fingers were crossed behind my back."
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The bankruptcy of a small U.S. pension fund could have implications for other struggling funds.
A behind-the-scenes tour of the factory where paper for U.S. currency has been made since 1879.
"It's an un-obvious chunk of meat that has been sitting there..."
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