The of 's FDIC-brokered purchase of Wachovia point up some long-term implications for New York's economy. Specifically, in return for shouldering $270 billion in potential losses at Wachovia's property-related assets that would otherwise be Citi Read More
The story from today’s papers with the biggest potential long-term impact on New York’s economy doesn’t even contain the words “New York.” That’s Gillian Tett’s FT piece on global investors’ assessment of the credit of the United States of America. Read More