Big list of Wall Street disaster stories

These links, highlighting the corrupt syzygy of banks, lenders, and government see-no-evilism bailouts (sprinkled with a few pearls of wisdom by outside observers with functional brains) will probably not make for the most enjoyable of reading, but see if they don’t restoke memories of Enron and Arthur Anderson. 

Lehman Brothers Bank files bankruptcy
http://www.bloomberg.com/apps/news?pid=20601087&sid=aPTIdpST8HJ0&refer=home

80% of American International Group bought out by government
http://www.mcclatchydc.com/227/story/52646.html?mi_email=McClatchy%20Washington%20Bureau_DC+Newsletter

Richard Fuld of Lehman Brothers
http://www.nytimes.com/2008/09/18/opinion/18kristof.html?_r=1&ref=opinion&oref=slogin (go to http://www.bugmenot.com/view/nytimes.com to get around the stupid compulsory sign-in)

WaMu looks for buyer
http://seattletimes.nwsource.com/html/businesstechnology/2008187176_wamu180.html

Paulson warns US is DIRE PERIL if $700B not passed
http://news.yahoo.com/s/afp/20080923/bs_afp/usfinancebanking_080923125015

Goldman Sachs and Morgan Stanley try to become banks
http://www.bloomberg.com/apps/news?pid=20601087&sid=aoHW3zyqTeAA&refer=home

Washington Mutual biggest bank to fail in US history
http://news.yahoo.com/s/ap/20080926/ap_on_bi_ge/washington_mutual_future;_ylt=AnEIJKy9YVD57iHPIHRrM.Ws0NUE

WaMu gives its new CEO a golden parachute of $20M for 17 days of work
http://boards.msn.com/MSNBCboards/thread.aspx?threadid=795214

Royal Bank of Scotland gets billions in bailout
http://www.sundayherald.com/news/heraldnews/display.var.2453817.0.0.php

Paul O’Neill says Paulson bank bailout is ‘crazy’
http://www.bloomberg.com/apps/news?pid=20601068&sid=atJMmClVjevU&refer=home

JPMorgan Chase had a computer named Zippy; produced memo called “Zippy Cheats & Tricks”
http://www.oregonlive.com/business/index.ssf/2008/03/chase_mortgage_memo_pushes_che.html

Richard Fuld of Lehman Brothers punched in the face
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3150319/Richard-Fuld-punched-in-face-in-Lehman-Brothers-gym.html

AIG executives on $440,000 CA retreat ($500\night)
http://apnews.myway.com/article/20081008/D93M0K6G3.html
http://www.guardian.co.uk/business/2008/oct/07/creditcrunch.useconomy

Dana Perino doesn’t know how recessions work
http://thehill.com/leading-the-news/perino-impossible-to-say-if-country-is-in-a-recession-2008-10-07.html

AIG may ask for more $$
http://www.chron.com/disp/story.mpl/front/6048251.html

Emerg meeting held for Lehman Brothers
http://apnews.myway.com//article//20080913/D935QG380.html

US finance system falls apart
http://uk.reuters.com/article/newsOne/idUKN0927996520080914?sp=true

William Greider on the bailout
http://www.thirdworldtraveler.com/Greider/America_Economic_FreeFall.html

 

(I may edit this a bit later.)

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