Foreword
September 2008 will be remembered as one of the most suspenseful and dramatic times in U.S. economic and political history — and potentially one of most consequential. It began with the Federal takeover of government- sponsored enterprises Fannie Mae and Freddie Mac and concluded with passage of a massive bailout package designed to provide relief for frozen credit markets and restore confidence in the Nation’s troubled financial system. By early October, the turmoil had ballooned into the worst financial crisis since the Great Depression, spreading to global markets. World leaders were coordinating their efforts to reduce fears, but it was…
