Wall St Crisis

Exploring The Worst-Case Scenario

CNBC | Posted 11.12.2008 | Business


The global economy is drawing closer to a dangerous downward spiral and time may be running out for world leaders to find a way to stop it before it i...

Economic Dishonor Roll (VIDEO)

The Huffington Post | Nicholas Graham | Posted 11.12.2008 | Business


CLICK HERE FOR HUFFPOST'S HONOR ROLE READ BELOW ABOUT HUFFPOST'S DISHONOR ROLE: Just like HuffPost's honor-roll of those who predicted and even warn...

Wall Street's Old Hands Suggest It May Be Time To Invest

New York Times | ALEX BERENSON | Posted 11.11.2008 | Business


The four most dangerous words for investors are: This time is different. In 1999, technology companies with no earnings or sales were valued at billi...

Paper: Private Sector Loans Triggered Financial Crisis, Not Fannie Or Freddie

McClatchy | David Goldstein and Kevin G. Hall | Posted 11.11.2008 | Business


As the economy worsens and Election Day approaches, a conservative campaign that blames the global financial crisis on a government push to make housi...

Obama Tells Crowd Not To Panic Over Economy

AP | CHARLES BABINGTON | Posted 11.08.2008 | Politics


INDIANAPOLIS — Democrat Barack Obama's campaign criticized John McCain's mortgage bailout plan Wednesday, saying it would cause the government t...

David Einhorn, Famed Hedge Fund Manager, Done With Microsoft, Ballmer

Silicon Alley Insider | Henry Blodget | Posted 11.07.2008 | Business


Famed hedge-fund manager David Einhorn (Greenlight Capital), the man who shorted Lehman Brothers, has been clobbered along with other Wall Street star...

Laid Off Wall St Execs Find Solace In "Quick Recovery" Face Lifts

New York Post | GINGER ADAMS OTIS | Posted 11.05.2008 | Business


New York-based brokers, analysts and finance executives who have been axed by their blue-chip firms are turning to a blade of a different kind - a sc...

Francis Fukuyama: The Fall Of America, Inc

Newsweek | Francis Fukuyama | Posted 11.04.2008 | Business


The implosion of America's most storied investment banks. The vanishing of more than a trillion dollars in stock-market wealth in a day. A $700 billio...

Economic Crisis Changes Electoral Map

New York Times | ADAM NAGOURNEY and JEFF ZELENY | Posted 11.04.2008 | Home


The turmoil on Wall Street and the weakening economy are changing the contours of the presidential campaign map, giving new force to Senator Barack Ob...

Senate to vote on rescue plan with added tax cut

AP | CHARLES BABINGTON and ANDREW TAYLOR | Posted 10.31.2008 | Politics


WASHINGTON — In a bold bid to revive President Bush's multibillion-dollar financial rescue plan, Senate leaders scheduled a vote for Wednesday n...

Take The Financial Crisis Aptitude Test

CNBC | Posted 10.31.2008 | Business


When searching for a new job, especially in finance, it's essential to stay informed of current business news and trends, since they're often the topi...

Jed Lewison

Krugman Offers Lukewarm Support For Plan, Rips "Frightening" McCain

HuffingtonPost.com | Jed Lewison | Posted 10.29.2008 | Politics


Update (11:42PM): Krugman offers lukewarm support for the plan in his new column, but warns that the plan isn't going to fix all our financial problem...

House rejects $700B bailout in stunning defeat

AP | JULIE HIRSCHFELD DAVIS | Posted 10.28.2008 | Business


WASHINGTON — In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergenc...

Lawmakers report progress on financial rescue deal

AP | CHARLES BABINGTON | Posted 10.28.2008 | Business


WASHINGTON — Nervously eyeing the markets' next trading session, key lawmakers in both parties and Treasury Secretary Henry Paulson worked late ...

Japan Reports Rare Trade Deficit

Washington Post | Blaine Harden | Posted 10.28.2008 | Business


Japan, a nation that rode exports to become the world's second-largest economy, posted a highly unusual trade deficit in August. It was an alarm sig...

Banks Condemn Credit Card Restrictions While They Receive Taxpayer Bailout

LA Times | David Lazarus | Posted 10.28.2008 | Business


You've got to love the banking industry. As our friends in the financial sector were passing the hat among taxpayers last week for $700 billion in ba...

NY Times Econ Journalist: Bailout Plan Doesn't Add Up

Poynter Online | DAVID CAY JOHNSTON | Posted 10.24.2008 | Media


Journalists, start your skepticism. In covering the proposed $700 billion bailout of Wall Street don't repeat the failed lapdog practices that so dam...

Buffett Buying $5 Billion Stake In Goldman Sachs

AP | ANNA JO BRATTON | Posted 10.24.2008 | Business


OMAHA, Neb. — Warren Buffett's Berkshire Hathaway Inc. is investing at least $5 billion in Goldman Sachs, a huge vote of confidence for one of t...

FBI Investigating Companies At Heart Of Wall St Crisis

AP | LARA JAKES JORDAN | Posted 10.24.2008 | Business


WASHINGTON — The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bu...

Bargains Everywhere: Japanese Banks Snapping Up Wall St Holdings

Washington Post | Blaine Harden | Posted 10.24.2008 | Business


Major Japanese banks, fat with cash and nearly free of toxic investments, are spotting opportunity in the global financial mess and snapping up substa...

Afghanistan Bananastand Redux

Steven Weber | Posted 10.24.2008 | Politics


Steven Weber

Like a scenario from a high-tech political thriller with Orwellian overtones, the fleecing of America is occurring right in front of our disbelieving eyes. What to do, what to do?

McCain Gaffes Have Undercut Campaign Message

ABC News | JENNIFER PARKER | Posted 10.23.2008 | Politics


In recent days, John McCain has made a series of verbal gaffes that have undercut his campaign claim that he is the candidate who is ready to safeguar...

Outrage Over $2.5 Billion Bonus For Lehman Brothers New York Staff

The Independent | David Prosser | Posted 10.23.2008 | Business


Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2....

Democratic Leaders Negotiate Over Conditions For Bailout Plan

New York Times | This article was reported by David M. Herszenhorn, Stephen Labaton and Mark Landler, and written by Mr. Herszenhorn. | Posted 10.23.2008 | Business


Senate and House Democratic leaders said on Monday that they had reached an agreement on their conditions for approving a $700 billion rescue plan for...

Dollar Takes Biggest Hit In Seven Years From Treasury Plan

CNBC | Patti Domm | Posted 10.23.2008 | Business


Concern about the price the U.S. could pay to rescue the financial system is crushing the dollar and raises questions about whether the government cou...