Wall Street Woes

Slate’s complete coverage of the financial crisis.

Is Warren Buffett the New J.P. Morgan? In 1907, one man saved us from financial collapse. Today it takes three,” by Daniel Gross. Posted Oct. 6, 2008.

Name That Economy: We don’t just need to recapitalize the banks. We need to reconceptualize capitalism,” by Jacob Weisberg. Posted Oct. 4, 2008.

Bailouts Are Inevitable, Even Desirable: Stop complaining about the “moral hazard” problem and enjoy the rescue,” by Tim Harford. Posted Oct. 4, 2008.

We’re Down $700 Billion. Let’s Go Double or Nothing! How the financial markets fell for a 400-year-old sucker bet,” by Jordan Ellenberg. Posted Oct. 2, 2008.


How the Bailout Is Like a Hedge Fund: It’s massively leveraged. It’s buying distressed assets. It’s taking equity stakes … ” by Daniel Gross. Posted Oct. 1, 2008.


You Say Depression, I Say Recession: Are we talking about the same thing?” by Juliet Lapidos. Posted Oct. 1, 2008.

Washington to New York: Drop Dead: The Republicans’ intransigence kills the bailout bill—and possibly McCain’s electoral chances,” by Daniel Gross. Posted Sept. 29, 2008.

You’ve Just Been Offered a Great New Job in Charlotte! Too bad you can’t sell your house in Tampa,” by Ray Fisman. Posted Monday, Sept. 29, 2008.

The Happy Talk Express: The economy is a mess. The financial markets are in a panic. But these idiots think we mustn’t say anything negative,” by Daniel Gross. Posted Sept. 27, 2008.


What’s the Exchange Stabilization Fund? A pile of cash that can be used for whatever,” by Jennifer Huang. Posted Sept. 26, 2008.

But What Does It Mean for the Prostitutes? How the financial crisis affects the oldest profession,” by Sudhir Venkatesh. Posted Sept. 26, 2008.

Why Congress Is Failing America: The financial catastrophe and the WaMu collapse reveal that Washington bureaucrats can handle an emergency but politicians can’t,” by Daniel Gross. Posted Sept. 26, 2008.

Time To Bail: Daniel Gross and Chadwick Matlin take readers’ questions on the government’s financial-rescue plan.” Posted Sept. 26, 2008.


The End of the BSD: A Wall Street icon falls,” by Daniel Gross. Posted Sept. 25, 2008.

Wall Street Strip: Is Paulson’s bailout bill unconstitutional?” by Rod Smolla. Posted Sept. 24, 2008.


Jesse Jackson vs. Wall Street Bailout: The civil rights leader invites you to picket the Treasury Department,” by Bonnie Goldstein. Posted Sept. 24, 2008.

No, Really, How Much Is $700 Billion? About 12 Bill Gateses,” by Juliet Lapidos. Posted Sept. 23, 2008.

Too Broke To Fail: Why this crisis will make the next president better,” by Bruce Reed. Posted Sept. 23, 2008.

Why Washington Hates Wall Street: An 80-year rivalry explained,” by Timothy Noah. Posted Sept. 22, 2008.

Wall Street Suicides: If we’re in the midst of a financial collapse, why aren’t executives jumping out of office buildings?” by Nina Shen Rastogi. Posted Sept. 22, 2008.

Obama’s Message Deficit: Why he needs an economic slogan,” by Jacob Weisberg. Posted Sept. 20, 2008.


Is the Fed Private or Public? It’s a decentralized central bank, inside the government and independent from it,” by Juliet Lapidos. Posted Sept. 19, 2008.

More Subprime Loans, Now! Why the world needs cheap loans at insanely high interest rates,” by Daniel Gross. Posted Sept. 19, 2008.


Banks, Firms, and Houses: Deciphering the terms in the financial crisis coverage,” by Abby Callard. Posted Sept. 18, 2008.

” ’The Fundamentals of Our Economy Are Strong’: Is there any excuse for McCain’s gaffe about the economy’s strength?” by Daniel Gross. Posted Sept. 17, 2008.

Fannie Mae and the Vast Bipartisan Conspiracy: A list of villains in boldface,” by Jack Shafer. Posted Sept. 16, 2008.

How Not To Lose Everything: Merrill Lynch miraculously avoids the fate of Lehman Brothers,” by Henry Blodget. Posted Sept. 15, 2008.


Shattering the Glass-Steagall: The rise of the commercial banks,” by Daniel Gross. Posted Sept. 15, 2008.

Lemons, But No Lehman Aid: Who gets a government bailout?” by Daniel Gross. Posted Sept. 12, 2008.

Daniel Mudd on Foreclosure: What Fannie Mae’s chief said before the feds seized his company and bade him farewell,” by Bonnie Goldstein. Posted Thursday, Sep 11, 2008.

Saving the People’s Bank of China: Who the Fannie Mae/Freddie Mac bailout is really supposed to help,” by Daniel Gross. Posted Monday, Sept. 8, 2008.

America’s Smartest Banker: The nation’s financial industry is cratering, so how come Hudson City Bank is thriving?” by Daniel Gross. Posted Saturday, Aug. 2, 2008.


Hitting ‘Platypus Bottom’: Forget bears and bulls. There’s a new animal metaphor on Wall Street,” by Chadwick Matlin. Posted Friday, Aug. 1, 2008.


Freddie and Fannie’s Healthy Cousin: There’s another quasi-governmental agency that’s lending hundreds of billions to troubled banks. Fortunately, it’s not a mess. Yet,” by Daniel Gross. Posted Monday, July 28, 2008.

Selling the Family Jewels: Desperate American banks are selling everything that isn’t nailed down (except the private jets),” by Daniel Gross. Posted Wednesday, July 23, 2008.

Bair Market: The FDIC chairwoman’s great ideas for preventing the meltdown of America’s banking industry,” by Daniel Gross. Posted Friday, July 18, 2008.

The Bailout Will Be a Bargain: The cost of rescuing Fannie Mae and Freddie Mac will be way less than the amount they have saved American taxpayers,” by Daniel Gross. Posted Monday, July 14, 2008.


Fannie, Freddie, Folly: Why the two mortgage giants can’t be allowed to fail,” by Daniel Gross. Posted Friday, July 11, 2008.

The S&P 500’s Bubble Trouble: Did the housing bust burn investors in the world’s most important stock index?” by Daniel Gross. Posted Thursday, July 10, 2008.

U Better Sell: Reader suggestions for renaming UBS,” by Daniel Gross. Posted Wednesday, July 9, 2008.


Phil Gramm’s UBS Problem: If the Texas senator and McCain adviser was supposed to keep the Swiss bank out of trouble, he’s made a mess of it,” by Daniel Gross. Posted Monday, July 7, 2008.

Meet Bear Stearns’ Prosecutor: A relatively obscure U.S. attorney brings the subprime mortgage saga into a new, criminal phase,” by Chadwick Matlin. Posted Thursday, June 19, 2008.


Jim Johnson Leaves Obama Veep Search Team: The man who was once a Medici with your money,” by Matthew Cooper. Posted Wednesday, June 11, 2008.

Spinning Through the Credit Apocalypse: Wall Street’s head honchos say the crisis is nearly over. Don’t bet on it,” by Chadwick Matlin. Posted Wednesday, April 16, 2008.

A Tax Break for Bubble Heads: Congress’ latest dumb idea to fix the housing crisis,” by Daniel Gross. Posted Monday, April 7, 2008.

The Economy: Rethink taxes, revisit the home-mortgage deduction, regulate the investment banks and hedge funds,” by Daniel Gross. Posted Friday, April 4, 2008.

The Mark-to-Market Melee: Is an obscure accounting rule to blame for the credit market meltdown?” by Daniel Gross. Posted Tuesday, April 1, 2008.


Why Fed Reform Won’t Work: Yes, the financial regulation system needs overhaul, but the proposed plan is a Band-Aid for Wall Street’s mortal wounds,” by Nomi Prins. Posted Monday, March 31, 2008.


The Walking Debt: Daniel Gross takes readers’ questions about the mortgage crisis and the government’s age-old weapons for fighting it,” by Daniel Gross. Posted Thursday, March 27, 2008.

The New New Deal: Roosevelt-era reforms are saving capitalism—again,” by Daniel Gross. Posted Tuesday, March 25, 2008.

My Lunch at Bear Stearns: The investment bank may be worth only $2 a share, but it still has an amazing salad bar,” by Dana Vachon. Posted Friday, March 21, 2008.

Bear Run: Why the Fed had to bail out Bear Stearns,” by Elizabeth Spiers. Posted Tuesday, March 18, 2008.


What Is a Mortgage-Backed Security?: The financial instrument that destroyed Bear Stearns,” by Chris Wilson. Posted Monday, March 17, 2008.

The Toddler Economy: Why are CEOs and Wall Street financiers behaving so childishly?” by Daniel Gross. Posted Saturday, Feb. 2, 2008.

From The Big Money

What If Bank Bears Are Right? The bailout doesn’t address massive bad debt,” by Mark Gimein. Posted Oct. 1, 2008.

Bailout Baloney: What do wooden children’s arrows have to do with the credit crisis?” By Karim Bardeesy. Posted Oct. 1, 2008.

Um, Now What? The bailout failed. How do we pick up the pieces? Or do we?” by Chadwick Matlin. Posted Sept. 29, 2008.


Why the GOP Plan Won’t Work: House Republicans would create a new batch of AIG-type debt,” by Chadwick Matlin. Posted Sept. 26, 2008.


McCain’s Bailout Bind: The maverick’s suspension of his campaign hits a new snag as House Republicans propose an alternative to the bailout,” by Karim Bardeesy and Chadwick Matlin. Posted Sept. 26, 2008.

Burgers and Bank: How a credit crisis could give the restaurant business indigestion,” by Dan Mitchell. Posted Sept. 25, 2008.

Do We Love the Bailout? Behind the gaps in opinion polls,” by Liza Featherstone. Posted Sept. 25, 2008.

What’s a Reverse Auction? A proposed method for Treasury to buy toxic assets comes with caveats,” by Brandon Fuller. Posted Sept. 25, 2008.

McCain Bails: The Republican nominee is suspending his campaign because he can’t make a decision about the bailout,” by Chadwick Matlin. Posted Sept. 24, 2008.


Saving the Cuff Links: America must rescue the bonuses at Goldman Sachs,” by Michael Lewis. Posted Sept. 24, 2008.

How To Sell the Bailout: Start talking about helping homeowners,” by Mark Gimein. Posted Sept. 24, 2008.

Triple Threat: The three things that can go very, very wrong with the mother of all bailouts,” by Chadwick Matlin. Posted Sept. 23, 2008.


Blame Main Street, Too: The current crisis did not start on Wall Street,” by Mark Gimein. Posted Sept. 22, 2008.

Henry Paulson, Socialist: Republicans admit the free market doesn’t work,” by James Ledbetter. Posted Sept. 21, 2008.

Paulson’s Sheikh-Up Plan: The United States has created the best sovereign wealth fund ever,” by Robert Cox. Posted Sept. 19, 2008.


What Is a Moral Hazard?” The economic reasoning behind bailout or no bailout,” by Martha C. White. Posted Sept. 19, 2008.

Look on the Bright Side: Five reasons to give thanks for the financial collapse of the decade,” by Michael Lewis. Posted Sept. 18, 2008

How AIG Fell Apart: The dastardly deeds of the credit default swap,” by Adam Davidson. Posted Sept. 18, 2008.

Let the Heads Roll: It’s time for some market accountability,” by Michael Lewis. Posted Sept. 17, 2008.

Fun With Ticker Symbols: AIG equals ‘Already Is Government,’ etc.,” by The Big Money staff. Posted Sept. 17, 2008.

The Next Dominoes: A handy guide to possible impending doom,” by Mark Gimein. Posted Sept. 16, 2008.

Bye, Bye Lehman: It should have been saved,” by Chadwick Matlin and James Ledbetter. Posted Sept. 14, 2008.