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The Epic Battle for Bear Stearns’ Soul, and Other Day-Three Stories

It's been two days since Bear Stearns was sold in a fire sale to JPMorgan, and things are still messy and emotional. Whose fault was all of this, and if it's no one's fault, whom can we blame? What will happen next? And what will the impact be, not just on Wall Street, but on the little people? Several stories in the papers today shed light on these questions, even as they raised more questions. Below, a handy cheat sheet to keep you current:

Tie Me Up

While bows tend to be ultrafeminine embellishments, designers are transforming them into sleek, urban additions on the runway this week. Proenza Schouler swept a chic white bow atop a traditional silk white blouse, while Thakoon tied a printed pattern variation around Coco Rocha’s navy belted coat. Meanwhile, Marc Jacobs fastened his knot front and center for a new spin on the classic black cocktail dress at Marc by Marc Jacobs. Come fall, we’ll be fit to be tied.