FORECLOSURE PREVENTION PROGRAM
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NEIL IRWIN'S MUST READS
The Washington Post staff share their picks for readings around the Web.
The Fetishization of Boldness New Yorker | James Surowiecki defends the Obama administration's handling of the crisis, arguing that much of the criticism amounts to a "fetishization of boldness."
How Libertarian Dogma Led the Fed Astray Financial Times | Henry Kaufman zeroes in on a reason the Federal Reserve failed to rein in the risk-taking that caused the crisis: An institutional philosophy that veers toward the libertarian, placing too great a faith in the ability of private actors to contain their own excesses.
Bank Balance Sheet: Liquidity and Solvency Calculated Risk blog | How does a bank balance sheet work, and what are the government rescue plans doing exactly? The blog Calculated Risk gives you a guided tour.
WHAT WENT WRONG?
The Crash: Foreclosure Crisis
Those in trouble are not, primarily, lower-income borrowers. It's afflicting neighborhoods of every stripe -- but particularly communities created by the boom itself.
YOUR POCKETBOOK
Have a question about how the financial crisis is affecting your pocketbook?
FDR'S FIRESIDE CHATS
First Inaugural Address
On March 4, 1933 Roosevelt gave his first inaugural address. He faced a world in which France and England were nationalizing sick industries, Germany and Italy were racing towards military dictatorships, and, at home, Americans were questioning capitalism.

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1.05% 3-month LIBOR   |   4.78% avg. 30-year mortgage  |   8.5%Unemployment
                          
Judge Denies Anonymity for Dissident Chrysler Lenders

5:39 PM ET: The bankruptcy judge overseeing the Chrysler case denied a request by a lenders' group to keep their identities secret after they opposed the government's plan to sell the automaker, The Post's Tomoeh Murakami Tse reports.

Attorneys for the dissident lenders' group had asked Judge Arthur Gonzalez to make their identities known only to the court, citing concerns about safety.

The lenders' group, which is owed a portion of the $6.9 billion in senior secured loans, was publicly criticized by President Obama last Thursday.

Obama said the hedge funds and other investment firms that refused to accept the government's offer of 33 cents on the dollar for their loans were "speculators" who were awaiting a "taxpayer-funded bailout."

The lawyer for the dissidents' group, which revealed in a filing today that they hold $300 million of the $6.9 billion in senior loans, had told Gonzalez on Monday that some of his clients had received death threats.

In filings with the court this afternoon, the group offered as proof anonymous comments posted on The Washington Post's Web site that villified hedge fund managers.

-- Frank Ahrens
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DISCUSSIONS
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CRISIS 101
Examining the history of today's financial crisis: How risky mortgage lending fueled the housing market boom and subsequent collapse, in turn spurring more than $500 billion in losses at U.S. banks.
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THE MARKETS
DJIA S&P 500 NASDAQ Market Index Charts
LATEST NEWS
MULTIMEDIA
Latest News Video
Watch the latest news video on the global economic crisis.
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The Hearing
Simon Johnson and James Kwak moderate a discussion about economic policy.

The Stimulus Bill
Highlighted coverage of the American Recovery and Reinvestment Act.

Graphic: It Adds Up
$7.8 trillion commited in loans, investments and guarentees.

POST BLOG ROLL
OPINIONS
PEARLSTEIN
SAMUELSON
The Big Money Party Poopers Did Wells Fargo save any money by canceling its lavish event?
The Way We Beg
Depression Diary, Part 5
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