The Federal Reserve's lightning rescue of AIG has the smell of systemic fear, writes Nation national affairs correspondent William Greider. The house of global finance is on fire and everyone is running for the exits, no sure way to turn them around. What's next? The question itself is ominous, because there are no good answers.


Moreover, as Nicholas von Hoffman reports, fifty-seven million American families, who planned for their future by investing in mutual funds and rock-solid investments like AIG, now find themselves staring into the abyss.

Check out other new Nation articles, essays, reports and posts at The Nation.com.


Election 08

What's McCain Got Against Spain?
Ari Berman | Does John McCain think Spain is a country in Latin America? The latest embarrassing McCain gaffe.

BlackBerry Buffoon
Ari Melber | As the markets crash and the bail-outs pile up, John McCain's BlackBerry gaffe continues to pick up steam.

Sarah's Way -- of the Highway
Barbara Koeppel | The idea that Sarah Palin is experienced, ethical and wise would be laughable, if it weren't so alarming.

StudentNation

StudentNation is The Nation's destination site for students and young people. It features regular campus reporting by students and investigative features on issues of critical importance to young people; a daily student newsfeed, the Extra Credit group blog; sites we like and detailed information on the Nation's Student Writing Contest, student journalism conferences and regular campus trips by Nation writers.


Two recent highlights: