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$7 Trillion and Counting
The Bank of England estimates that governments have extended $7 trillion in aid to bail out the global financial system.
Oct 28 2008 4:01 PM EDT
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The New American Order
America's economic supremacy has been dented. How'd we get here, and where to begin the cleanup?
America's economic supremacy has been dented. How'd we get here, and where to begin the cleanup?
"I Made a Mistake"
Former Fed chairman says he overestimated bankers' scruples and underestimated the damage.
Former Fed chairman says he overestimated bankers' scruples and underestimated the damage.
S.E.C.: A Heckuva Job!
Regulators tout filing a record number of enforcement actions. Too bad about the meltdown.
Regulators tout filing a record number of enforcement actions. Too bad about the meltdown.
The C.D.O. Money Pit
Think the global wave of bank rescues will pull financial system out of its hole? Think again.
Think the global wave of bank rescues will pull financial system out of its hole? Think again.
Where We Go From Here
Market Movers by Felix Salmon
Oct 28 2008
Oct 28 2008
Oct 28 2008
Oct 28 2008
Odd Numbers by Zubin Jelveh
Oct 27 2008
How We Got Here
An idea hatched at J.P. Morgan—credit derivatives—is at the root of Wall Street's collapse.
Loaded LeverageWhy did this become a crisis? Low interest rates, hubris, and greed. Here's how.
Portfolio.com explains collateralized debt obligations, the source of Wall Street's woes.
The financial world has been upturned over the past year.
Accounting rules and short-sellers didn't sink American International Group. It sunk itself.
In August 2007, fear paralyzed the world's credit markets, suggesting just what lay ahead.
Financial firms raised money at a breakneck pace, convincing investors that the worst is over. They couldn't be more wrong.
Washington is planning a massive rescue for banks stuck in the subprime mess. Does anybody think Wall Street deserves it?
Big investment banks, loaded with dangerous amounts of debt, face their own version of a subprime slump. Can they all survive?
Political Fallout
Laugh or Cry?Corporate welfare and clueless C.E.O.'s come in for fire on the nation's editorial pages.... Read More
Condé Nast Portfolio Wall Street writer Jesse Eisinger makes the case for a trading tax.... Read More
Paulson seeks a unprecedented blank check to fix the economy. What are the options?
... Read More
John McCain tells a campaign event in Iowa that if he were president he'd fire S.E.C. chairman Christopher Cox.... Read More
The worst Wall Street turmoil in a generation is going to wipe every other issue off the table for the next president.... Read More
Economic Fallout
Bernanke: We now have the tools to fix the economy, but there's much work to be done.... Read More
Wall Street millionaires are saying goodbye to mega-bonuses and outsized base pay—for good.... Read More
Tiffany and Hermès bet big. Now their expensive new stores are expensive empty stores.... Read More
Time for corporate high-fliers to trade down to a used corporate jet?... Read More
Stricken bankers sell off assets, from designer handbags to wine collections.... Read More
Also on Portfolio.com
Why Goldman Sachs' job cuts are a very bad omen for Wall Street and for the broader economy.... Read More
Here's what the application for the government's bank capital purchase program should ask.... Read More
Winners are obvious. Losers are not. Here's Portfolio.com's scoreboard on the latter.
... Read More
A global call for more reserves at banks that reward "excess" risk taking.... Read More
The R.T.C. proved government rescues work. It also sowed the seeds of the current crisis.... Read More
Interactive Graphics
How did we get in this mess? A timeline of the derivatives market.... Read More
Who will supply the $700 billion for the bailout? Look who's covered our debts in the past.... Read More
$700,000,000,000.00 is an awfully big number. Let's try to put it in some perspective.
... Read More
The financial landscape gets redrawn. Who emerges the strongest out of the carnage?... Read More
How the current wave of Wall Street layoffs stacks up.... Read More
Business SpinAlso in Portfolio.com
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