October 30, 2008
In Hard Times, Philanthropy Can Lead the Way
You know the news is bad when strangers start blurting out updates in the elevator.
In this case, the elevator was in Coeur d'Alene, Idaho, and the man furiously thumbing his smart phone looked up and said, "WaMu's gone under."
WaMu — Washington Mutual Bank — counts as the largest bank failure in history, and the scariest part about it is that it's only one small piece of the global financial crisis that has erupted this fall. But for grant makers who were
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