Alan Schwartz news stories on Newser

Dumbest Gaffes on the Economy

Ambreen Ali — Wed, 31 Dec 2008 18:12:49 CST

The men who should have been warning us about the impending financial crisis were a wee bit off the mark at times. MSNBC rounds up some of the dumbest things said: "Subprime market problems seem likely to be contained."—Ben Bernanke, March 28, 2007 "The fundamentals of our economy are...

JP Morgan CEO Emerges as Wall Street Force

Jim O'Neill — Mon, 17 Mar 2008 12:08:00 CDT

JP Morgan Chase CEO James Dimon is a hands-on boss who writes out a detailed to-do list each morning and has managed to keep his company healthy while many of its rivals are ailing or even critically ill, reports the Wall Street Journal. Dimon's focus has been on creating a...

JP Morgan, Feds Bail Out Bear Stearns

Jim O'Neill — Fri, 14 Mar 2008 09:25:26 CDT

Bear Sterns has reached out to rival JP Morgan Chase and the Federal Reserve Bank of New York for emergency funding to reassure investors concerned about the struggling investment bank's deteriorating liquidity, the Wall Street Journal reports. The move is a startling indicator of how hard the subprime virus has...