Wall St Crisis

2008: What Will We Tell The Children?

Dr. Judith Rich | Posted 01.30.2009 | Living


Dr. Judith Rich

Pull up a chair and settle in while I spin a yarn about 2008. The story actually begins 20 years into the future (visualize a clock advancing rapidly...

Where Caveat Emptor Still Stalks the Land

Charles H. Green | Posted 01.18.2009 | Business


Charles H. Green

I've met all too many people educated in our "best" schools who have come to believe that selling toxic waste to customers is a legitimate part of a noble, even moral, endeavor called capitalism.

Citigroup Brought To Its Knees

New York Times | ERIC DASH and JULIE CRESWELL | Posted 12.23.2008 | Business


In September 2007, with Wall Street confronting a crisis caused by too many souring mortgages, Citigroup executives gathered in a wood-paneled library...

Will The Safety Net Catch The Economy's Casualties?

New York Times | STEVEN GREENHOUSE | Posted 12.16.2008 | Business


Economists rarely agree on anything, but a great many do agree on one unfortunate matter these days: the current economic downturn is likely to develo...

Michael Lewis: Era That Defined Wall Street Finally, Officially Over

Portfolio | Michael Lewis | Posted 12.16.2008 | Business


To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups rem...

Report: Citigroup To Slash 23,000 Jobs Worldwide

CNBC | Posted 12.16.2008 | Business


Citigroup plans to shed about 10 percent of its global workforce, a person familiar with the matter said Friday, as it tries to restore profit and qui...

Fed Refuses To Identify Recipients Of $2 Trillion In Emergency Taxpayer Loans, Bloomberg Sues For Info

Bloomberg | Mark Pittman, Bob Ivry and Alison Fitzgerald | Posted 12.11.2008 | Business


The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the...

National Debt Soars $500B In Under A Month, Financial Bailout Plan The Primary Culprit In Record-Setting Debt Accumulation

CBS News | Posted 12.02.2008 | Business


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Central Banks Around The World Slashing Interest Rates As Investors Flee

Washington Post | Anthony Faiola and Neil Irwin | Posted 11.27.2008 | Business


Central banks around the world are moving to further slash interest rates as they seek to contain the damage from the bursting of the biggest credit b...

Despite Turmoil, Wall Street Bonuses Survive

abcnews.go.com | Posted 11.25.2008 | Home


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Culture Zohn: Terms of Endearment, or Why the Collapse of the Financial Markets is Just Like Love

Patricia Zohn | Posted 03.26.2009 | Business


Patricia Zohn

I am still imagining this whole thing to be a physical thing -- something you can get your arms around, like a guy -- and soothe, by whispering sweet nothings in his ear.

Four Signs Stock Market Hasn't Hit Bottom Yet

CNBC | Jeff Cox | Posted 11.21.2008 | Business


The search of a market bottom likely will continue through the rest of the year and into 2009, as signs begin to emerge that a turning point is near b...

IMF Comes To The Rescue Of Iceland, Pakistan

Huffington Post | Nicholas Graham | Posted 11.20.2008 | Business


Iceland, whose economy has been crippled by the credit crisis, will unveil an IMF-led rescue package: The IMF is expected to contribute just over $1b...

Financial Times: US Faces Worst Recession In 26 Years

Financial Times | Krishna Guha | Posted 11.19.2008 | Business


The US economy appears to be plunging into what many experts believe will be its worst recession since 1982. Senior officials at the Treasury and Fed...

Wall Street Banks' Pay, Bonus Deals Equal 10 Percent Of US Bailout Package

The Guardian | Simon Bowers | Posted 11.18.2008 | Business


Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to...

Massive Market Sell Off As Investors See Recession

New York Times | SHARON OTTERMAN, DAVID JOLLY and BETTINA WASSENER | Posted 11.15.2008 | Business


Wall Street looked beyond the government's bailout plan on Wednesday and saw more signs that the economy was in for a slowdown. And investors sold. ...

Another Reason TV Networks Are Doomed: The Credit Crisis

Wired | Betsy Schiffman | Posted 11.14.2008 | Media


The television networks are up against a perfect storm: Ratings stink; piracy is rampant, as viewers migrate to the web; and now, thanks to this littl...

Credit markets see more gradual improvements

AP | MADLEN READ | Posted 11.14.2008 | Business


NEW YORK — The government's efforts to crank open the credit markets have led to some mild improvements in lending rates and Treasury bill yield...

Inside The Meeting That Led To Partial Nationalization Of America's Largest Banks

Huffington Post via Wall Street Journal | Posted 11.14.2008 | Business


The Wall Street Journal has a fascinating look inside the meeting, between Treasury Secretary Paulson, Fed Chief Bernanke, and the heads of America's ...

Scientists: Economic Crisis Will Deal Blow To AIDS Vaccine Prospects

AP | CLARE NULLIS | Posted 11.14.2008 | Home


CAPE TOWN, South Africa — The global economic turmoil is likely to take its toll on AIDS research funding and add to the problems plaguing the s...

From Worrier to Warrior: Making Friends With Fear

Dr. Judith Rich | Posted 11.14.2008 | Living


Dr. Judith Rich

Lessons in Living: Part 2 The Wisdom of Eckhart Tolle and Warren Buffett I don't look for 7-foot bars to jump over, I look around for 1-foot bars I ...

Thomas B. Edsall

Global Economic Crisis Likely To Have Profound Consequences For US Politics, World Relations

HuffingtonPost.com | Thomas B. Edsall | Posted 11.13.2008 | Politics


The global economic crisis is likely to have profound, long-range consequences for American politics and for the relations of the United States with t...

Bank Executives Agree To Accept Taxpayer Investments

Washington Post | David Cho, Binyamin Appelbaum and Lori Montgomery | Posted 11.13.2008 | Business


Executives at nine of the nations largest banks have agreed to accept direct investments of taxpayer dollars, launching a plan that could ultimately g...

Money Market Rates Fall On Unlimited Dollars Pledge

CNBC | Posted 11.13.2008 | Business


Money market rates slipped Monday after central banks unveiled new steps to rescue a wounded global financial system in a bid to boost investor confid...

Paulson Summons US Banking Heads To Meeting Over Equity Stakes Plan

Wall Street Journal | AARON LUCCHETTI, DAMIAN PALETTA and JESSICA HOLZER | Posted 11.13.2008 | Business


Treasury Secretary Henry Paulson called the top U.S. banking heads to a meeting today in Washington, people familiar with the matter said. The aftern...