World markets attempt rebound before Fed decision...
GOLDMAN SACHS Beats 1Q Expectations...
LEHMAN Profit Falls 57%...
"Bernankerupted”
Bear Stearns Fire-sale sends Global Markets Plunging; Dollar Routed
By Mike Whitney
Bear's travails are just the beginning of Wall Street's woes. Now there's talk of Lehman Brothers going under. According to the Wall Street Journal: Continue
Too Big to Bail
The Fed's Wall Street Dilemma
By Pam Martens
Americans learned two new truths last week from the Bush Administration's version of Life's Little Instruction Book: if you're a Wall Street miscreant you're thrown a lifeline; if you're a Wall Street crime fighter you're thrown a land mine. Continue
Musings From the Titanic: Just for the heck of it, I’ve been keeping a little journal of events that I call "Milestones on the Road to the Depression."
Stocks Tumble Around World, Dollar Declines After Fed Cuts Rate : UBS AG posted its biggest drop in more than nine years in Zurich and Japan's Mitsubishi UFJ Financial Group Inc. fell to the lowest in four years. Europe's Dow Jones Stoxx 600 Index and Japan's Nikkei 225 Stock Average sank to the lowest since 2005
Fed acts Sunday to prevent global bank run Monday : Acting quickly to prevent a run on major global financial firms, the Federal Reserve cut its discount rate by a quarter percentage point to 3.25% and offered to lend money to a longer list of firms than ever before.
Dollar dives to near 13-year low vs. yen: Greenback plunges after Federal Reserve slashes discount rate at emergency meeting.
Global market panic sparks more gold buying, bullion near record: Unrelenting dollar weakness, with the greenback near another record low against the euro and a 12-year bottom against the yen, also sparked gold-buying, as bullion became cheaper for those trading in other currencies.
JPMorgan to buy crisis-hit US bank : But the deal announced late on Sunday in the US has failed to soothe worries among Asian investors over the strength of the US economy and the continuing fallout from the global credit crunch.
JPMorgan Surges After Capturing Bear Stearns for $240 Million : JPMorgan Chase & Co. surged in New York trading after striking a deal backed by the Federal Reserve to buy Bear Stearns Cos. for $2 a share, 90 percent less than the 85-year old firm's market value last week.
Banks face "new world order," consolidation: report: Financial firms face a "new world order" after a weekend fire sale of Bear Stearns and the Federal Reserve's first emergency weekend meeting since 1979, research firm CreditSights said in a report on Monday.
Wall St braced for buy-out loans pain: Wall Street investment banks are poised for further pain from loans to private equity groups when they start reporting first-quarter results this week.
Wall Street fears for next Great Depression: Wall Street is bracing itself for another week of roller-coaster trading after more than $300bn (£150bn) was wiped off the US equity markets on Friday following the emergency funding package put together by the Federal Reserve and JPMorgan Chase to rescue Bear Stearns.
U.S. to start economic stimulus payments May 2: The IRS said the payments -- tax rebates of about $600 for most middle-income individuals and $1,200 for middle-income couples -- will be sent in the order of the last two digits of the taxpayer's Social Security number. Taxpayers must file a 2007 tax return to receive a payment.
How bad is the mortgage crisis going to get?: What started in subprime is likely to continue cascading into the markets and keep the economy down until 2010, economist Paul Krugman forecasts. Bottom line for homeowners: An average drop of 25%.
New Orleans' homeless rate swells to 1 in 25: An estimated 12,000 homeless accounts for 4% of New Orleans' estimated population of 302,000, according to the homeless advocacy group UNITY of Greater New Orleans. The number is nearly double the pre-Katrina homeless count, the group says
Will More Fed Action Be Enough?
Lehman Shares Dive - Lowest Profit Since 2003
Cramer Tries To Dig Out Of Bear Collapse - Vid
Jim Cramer Advised Investors Not To Sell Bear - Vid
Wall St Told To Keep Mum On Lehman
Class Action Filed Against Bear Stearns
Bear Stearns Bonuses Top JPM Purchase Price
JP Morgan Buys Bear Stearns For $2 A Share
Fed Acts Sunday To Prevent Global Bank Run Monday
Major Stock Markets In Asia Tumble
Welcome To The Second Great Depression
Wall Street Braces For More BIG 'Write-Downs'
It's All Over - Carlyle Hedge Group Finished
Strike To End The Federal Reserve April 15th - Vid
Paulson Stammering Around The Economy - Vid
Making Out Like Everything Is Normal
Deluded Wall Street Threatens World Economy
Wall Street Fears Next Great Depression
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