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...amazes me that nobody seems to have asked the simple question, "What will happen to banks and other financial institutions if a large number of subprime loans default?" Or was it only greed that made everyone ignore the disaster that would occur if the markets went south? Frederik Steenbuch, Oslo...

Author: /time Magazine | Title: Inbox | 10/9/2008 | See Source »

...next. And even Treasury officials are keeping a sober perspective about the effect their moves can have on a system as panicked as Americans' is. "This isn't going to be the new Treasury program that saves the world," says department spokeswoman Michele Davis. "That's not going to happen." But there is a unifying theme that explains much of what the big brains at the Fed and Treasury have been doing. And the efforts this week fit with the pattern...

Author: /time Magazine | Title: Are Paulson and Bernanke Running Out of Options? | 10/8/2008 | See Source »

...truth is that we can’t all be immediate experts in every realm of our lives. I happen to be living proof of this. It’s been a long road to mastering the simple, and one I haven’t reached the end of—but I’ve come to accept and even embrace that. So long as I never have to make a right hand turn along the way, I have faith that I’ll make it there okay...

Author: By Kate E. Cetrulo, CRIMSON STAFF WRITER | Title: Life’s Simple Pleasures | 10/8/2008 | See Source »

...part of the Tibetan people, not the result of an inflammatory religious influence. But more than a misplacement of blame, Gyari worried that severe prolongation in discussions would force the aging Lama to live his remaining days in exile in India. If this were to happen, he said, “it would take generations for the Tibetan people to forgive the Chinese policies.” But looking ahead to this month’s meeting in Beijing, Gyari was cautiously hopeful. He projected that, for lack of any fundamental differences between the Tibetans and the Chinese, cooperation would...

Author: By Edward-michael Dussom, CONTRIBUTING WRITER | Title: Tibetan Envoy Calls for Talks | 10/8/2008 | See Source »

...spoke with him, he had been out of work for a while. He was concerned about how the situation was impacting his family but seemed to be taking things in stride," says Gerken. "There was no indication of how serious it was or any suggestion of what would happen. It speaks to the desperation he must have felt...

Author: /time Magazine | Title: Murder-Suicide in California: A Tragedy of the Financial Crisis? | 10/8/2008 | See Source »

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