Evaporation
Yesterday's stock market crash destroyed, for a day and on paper, almost a trillion dollars in shareholder value. The Big Money compares Monday's meltdown to four other big market plunges in the past 10 years.
Presentation Archive
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| Headline |
Date |
Dept. |
|---|---|---|
| Inflation's Sum and Its Parts | September 08, 2008 | economics, finance |
| Mothers and Twins | September 22, 2008 | demographics, pharmaceuticals |
| Finance Behemoth | September 29, 2008 | |
| Evaporation | September 30, 2008 | |
| Flushing Bad Paper | October 01, 2008 | finance |
Posted Monday, September 29, 2008 - 3:26pm
Throughout the past three weeks, the chattering class wondered what would happen if we didn’t bail Wall Street out. Today, we got our first glimpse.
By Mark Gimein
Posted Friday, September 26, 2008 - 5:32pm
The car's broken down on the side of the road, 100 miles from Nowheresville. From the distance a creaky old caddy approaches, slows down, pulls up. The window rolls down. "Need a lift?" the driver asks. "I'll give ya one if I can have your wallets."
Buffett To The Rescue?
By Bernhard Warner and Matthew Yeomans
Posted Wednesday, September 24, 2008 - 5:51am
Warren Buffett's $5-billion bet on Goldman Sachs is being hailed as a crucial vote of confidence for the stricken financial services industry, the Wall Street Journal, New York Times and Financial Times conclude this morning. And it may just be enough to turn around the sinking markets today. Goldman is not done there--"Goldman also will go to the public to raise at least a further $2.5 billion by selling common shares," the WSJ writes--nor is Buffett's Berkshire Hathaway.
