Wednesday, September 15, 2010

Reliving Lehman Week (and beyond)

I dug these up a while ago, but since this is the anniversary of Lehman’s failure, here, for your viewing pleasure, are the front pages of the major U.S. newspapers (the WSJ, NYT, and Washington Post) on various days of the financial crisis. I was unfortunately never able to find PDFs of the FT from the financial crisis. I also included the front page of the USA Today from September 15, 2008, because I think this post needs some comic relief.

Monday, September 15, 2008 — Lehman files for bankruptcy. Some other stuff happens too.

Thursday, September 18, 2008 — A massive run on money market funds is underway after the Reserve Primary Fund “broke the buck,” WaMu puts itself up for sale in a Hail Mary, 3-month T-bills go to zero, the Libor-OIS spread spikes up 300 bps. One of the scariest days of the crisis, without question.

Friday, September 19, 2008 — Plans for a system-wide rescue are leaked. (Thanks, Senator Schumer!)

September 25, 2008 — Politicians and political pundits thrust themselves into the financial crisis; idiocy ensues.

September 30, 2008 — The day after the House stunned the world by voting down the first TARP.

October 2, 2008 — TARP finally passes.

October 14, 2008 — The first TARP equity injections are announced.


Ken Houghton said...

So the Jets lost then too? Nothing ever changes.

Lex column, today: "[T]he financial sector's biggest winners have been the biggest investment banks."

Gary said...

thanks for the images of the rags, I thnk, it is more depressing now looking back at the colossal fleecing by Paulson's buddies using mobster like threats to grab taxpayer funds into perpetuity to enrich themselves and the banksters. All while covering up their illegal, unethical and immoral acts (aka, financial innovation).

That last NYT frontpage could have been a view into Manhattan/wall st with all the iconic financial buildings ablaze.

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Lehman is a sad story.

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