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If you're anything like me, the financial state of the U.S. terrifies you, but in an amorphous way. You try to read numerous newspaper articles about Lehman and Merrill Lynch and Fannie Mae and Freddie Mac, but it's like reading Don Quixote with seventh grade Spanish: a certain grasp of the vocabulary is missing. We decided to ask a Wall Street woman to explain just what the sam hell is going on. This financial female wanted to remain anonymous, so we're going to call her Katharine Parker after Sigourney Weaver's moderately duplicitous but whip smart financial analyst in Working Girl. We ask our expert about what happened with Lehman, whether cutting interest rates is helpful, and if it's time to take our savings out of Citibank and shove it under our mattresses. Our Q&A with Katharine, after the jump. More »
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