Banks, Firms, and Houses: Deciphering the terms in the financial crisis coverage.

This is the first Explainer piece I’ve done for Slate:

On Tuesday, the U.S. government announced that the Federal Reserve, the nation’s central bank, would loan $85 billion to American International Group, an insurance firm, for fear that other financial institutions, such as investment banks and securities firms, would go belly-up in its wake.

What are all these banks and other financial institutions in the news?

Read the full story on

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