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Scenes From A Meltdown

  1. scenes from a meltdown
    Some Men Just Want to Watch the World BurnNotes on the stalling of the bailout talks.
    By Jessica Pressler
  2. early and often
    Bush Delivers Another Brief, Content-Free Press Conference‘The legislative process is sometimes not very pretty, but we are going to get a package fast,’ the President assured the nation just now. ‘We will rise to the occasion.’
    By Chris Rovzar
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    Giuliani Rubbing His Hands With Glee Over Financial Crisis?The former mayor’s law firm has launched a high-priced task force to consult with companies navigating the crisis.
    By Chris Rovzar
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    Lawmakers Choose Fighting About Politics Over Fixing the Economy, BasicallyHouse Republicans broke with the president, cock-blocked the bailout, and walked out of negotiations, despite Hank Paulson’s pleas.
    By Jessica Pressler
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    ‘If Money Isn’t Loosened Up, This Sucker Could Go Down’Bailout talks in Washington seem to have completely broken down.
    By Jessica Pressler
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    The Human Face of the Fall of Lehman BrothersIs not in fact human at all.
    By Jessica Pressler
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    Week of Horrors Finally OverAs the week ends, the market is up, but a million questions hang in the air.
    By Jessica Pressler
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    Bearish on the BailoutSome early, angry reactions to the governments “rescue” plans.
    By Jessica Pressler
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    The New New DealThe specter of Communism is haunting the Internet.
    By Jessica Pressler
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    Bush Addresses the Financial Crisis, AgainSays Bush: ‘Government intervention is not only warranted, it is essential.’
    By Chris Rovzar
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    Sexy Shirtless: New Plan Will Involve a ‘Significant Investment of Taxpayer Dollars’Treasury Secretary Hank ‘Sexy Shirtless’ Paulson just outlined the government’s new plan, kinda.
    By Jessica Pressler
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    Let Them Eat Canapés!Even in times of crisis, the rich stay rich, especially Denise Rich.
    By Jessica Pressler
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    New Plan! Government to Save Us by Buying Up Bad Debt With Our MoneyOh, not all bad debt. Just financial institutions’ bad debts. You still get to keep yours.
    By Jessica Pressler
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    Market Goes Out on a High NoteStocks are back up, and we’re re-naming today Tumultuous Thursday.
    By Jessica Pressler
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    The Bright Side of the Economic MeltdownDaddy’s home! For good!
    By Jessica Pressler
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    Richard Fuld Emerges!The Lehman Brothers CEO finally addresses his employees in a memo.
    By Jessica Pressler
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    Lloyd Blankfein Is PerturbedShares of Goldman Sachs continue to yo-yo.
    By Jessica Pressler
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    Did John Mack Come On to Vikram Pandit?The Morgan Stanley CEO reportedly proposed a merger with Citigroup, but was shot down.
    By Jessica Pressler
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    The President Offers Comforting Words About the Economy During Our Time of NeedHa, not.
    By Jessica Pressler
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    Welcome to Torturous ThursdayA quick guide to what happened while you were sleeping.
    By Jessica Pressler
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    Bloody Monday, Terrible Tuesday, and Now Weird WednesdayThe market’s closed for tonight, but it’s not over yet! Gird your loins for Torturous Thursday!
    By Jessica Pressler
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    AIG in 30, or More Like 45, SecondsIt’s just like Jenga!
    By Jessica Pressler
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    Cox Stiffens Rules on Naked Short-SellingIt’s not as funny as it sounds.
    By Jessica Pressler
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    Morgan Stanley Chief: ‘There Is No Rational Basis for the Movements in Our Stock’In a memo to employees, Morgan Stanley CEO John Mack blames short-sellers for the slide of the company’s stock today.
    By Jessica Pressler
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    Some People Want Hank Greenberg Back Running AIG!Too bad for them.
    By Jessica Pressler
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    Barclays Buys Lehman Building and Some Other Stuff for $1.75 BillionIt was really quite an impressive bargain, especially when you think of it in pounds.
    By Jessica Pressler
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    Squash Instructor Speaks Tenderly of Richard FuldHe’s a ‘special guy.’
    By Jessica Pressler
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    How Long Will It Take John Thain to Join the McCain Campaign?It’s so perfect a fit, it even rhymes!
    By Jessica Pressler
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    Fed Changes Their Mind, Throws Whopping $85 Billion at AIGIt was double or nothing, we guess.
    By Jessica Pressler
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    Lehman Staffers Look for NSA LoveWhen confronted with adversity, everyone has their own coping mechanisms — and sometimes those are sex parties and Craigslist.
    By Jessica Coen
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    Morgan Stanley Releases Earnings EarlyWhy did they release them today when they were scheduled to release them tomorrow? WHY, you ask?
    By Jessica Pressler
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    What Happened at Lehman, in 30 Seconds or LessThe best explanation of the mortgage crisis we’ve seen so far.
    By Jessica Pressler
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    You Too Can Buy a Piece of LehmanBarclays didn’t take ALL the good bits.
    By Jessica Pressler
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    Hank Greenberg Trying to Get His Hands on AIGInvestors led by former AIG CEO Maurice “Hank” Greenberg are considering taking control of the struggling insurer through a proxy fight or buyout
    By Jessica Pressler
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    Barclays to Buy the Good Bits of Lehman9,000 people will probably get to keep their jobs now!
    By Jessica Pressler
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    The Wall Street Crisis: What Does It All Mean?The only thing that anyone seems really certain about right now is that when the smoke clears, we’ll be looking at a different landscape.
    By Jessica Pressler
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    Shares in AIG Open Around $2 (Updated)What a bargain!
    By Jessica Pressler
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    The Gorilla Has Hired GorillasLehman CEO Richard Fuld may be staying hidden out of fear.
    By Jessica Pressler
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    Barclays in Talks to Buy Lehman AssetsThe British investment bank, which walked away from a deal to buy portions of Lehman last Sunday, is apparently still sniffing around.
    By Jessica Pressler
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    Lehman Employees Really ARE Losing Their ShirtsA special report from Lehman HQ just came across the wire.
    By Jessica Pressler
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    Dow Closes Down More Than 470 PointsYikes.
    By Jessica Pressler
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    New York Allows AIG to Borrow $20 BillionBut it’s not a bailout! says Governor Paterson. (Not yet.)
    By Jessica Pressler
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    My HERO!An AP photo of Merrill Lynch CEO John Thain and Bank of America’s Ken Lewis captures one of Wall Street’s gayest-ever moments.
    By Jessica Pressler
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    Sphinx Patterson, Voice of the PeopleA worker at Lehman’s London office reminds us that it’s not just the big guys who are suffering.
    By Jessica Pressler
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    Lehman Employees Get Their Fifteen MinutesA scrum of reporters hovered outside Lehman this morning, hoping to get iconic shots.
    By Jessica Pressler
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    Coffee-Cart Man Fears Trickle DownBut what can you do?
    By Jessica Pressler
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    Lehman Employees Hoarding Promotional Mugs, FoodLehman employees are fighting over scraps.
    By Jessica Pressler
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    Holy Effing Crap: Wall Street in FlamesMetaphorically, of course. A quick guide to the current crisis for people who didn’t pay attention this weekend.
    By Jessica Pressler