Financial news on October 5th, 2008

Business and Financial news
A Snarl of Regulation

Who’s to blame for the implosion of financial markets? The finger-pointing has gone in every direction, and it’s easy to see why: the regulatory structure points in every direction. Read more..

By HANNAH FAIRFIELD - The New York Times

Fannie Mae and the Financial Crisis

How Fannie Mae's problems helped lead to the country's financial crisis. Read more..

Erik Olsen - The New York Times

Pressured to Take More Risk, Fannie Reached Tipping Point

A decision, made under pressure from Congress and investors, to steer Fannie Mae into dangerous corners of the mortgage market proved to be disastrous. Read more..

By CHARLES DUHIGG - The New York Times

See what else happened on October 5th, 2008