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4 posts tagged with crash and wallstreet. (View popular tags)
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The alchemists of Wall Street are at it again.

Wall Street begins playing again with the same matches that burned the economy in 2008 From the New York Times: "The banks that created risky amalgams of mortgages and loans during the boom — the kind that went so wrong during the bust — are busily reviving the same types of investments that many thought were gone for good. Once more, arcane-sounding financial products like collateralized debt obligations are being minted on Wall Street. " (View article on a single page) [more inside]
posted by Sleeper on Apr 20, 2013 - 57 comments

The Minds Behind the Meltdown

How a swashbuckling breed of mathematicians and computer scientists nearly destroyed Wall Street.
posted by veedubya on Feb 23, 2012 - 48 comments

Look out below...!

While the US equities markets were closed on Monday for Martin Luther King Day, stock markets around the world took a nosedive, losing billions in equity; the markets in Australia, South Korea, Japan, China, Indonesia, Hong Kong, Germany, France, the UK, and more countries have dropped at least 5% each (Canada only fell 4.75%), even though most of those markets had already been seriously down for several days prior. India has been hit particularly hard, at one point down a whopping 11%, tripping their markets' automatic "circuit breakers" for a mandatory time-out period, before scraping back up to close at 8% down. US futures markets are currently predicting a 650+ point drop just at the open Tuesday morning, before even a single trade goes through. [more inside]
posted by Asparagirl on Jan 22, 2008 - 306 comments

And yes, the band did play on.

It was twenty years ago today... [more inside]
posted by Mutant on Oct 19, 2007 - 27 comments

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