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12.18.2008 9:00 pm

Investors lost while regulators slept

New York investors seek news after the arrest of Bernard L. Madoff.

New York investors seek news after the arrest of Bernard L. Madoff.

Early in 2003, as word spread of Bernard Madoff’s remarkable financial acumen, French bank Société Générale considered making a sizable investment with him. It sent a team of analysts…

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10.08.2008 9:00 pm

Thursday editorial: Reforming the banks

The Federal Reserve on Wednesday joined five other central banks across the world in slashing interest rates to try to head off a globe-spanning recession.
The joint move is unprecedented, particularly in that the Chinese Central Bank joined with the Fed, the…

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09.15.2008 9:01 pm

Tuesday editorial: Searching for a bottom

wall_street_man_opt.jpgMonday was one of the most wrenching days in the history of the American financial system. One blue-blooded investment bank, Lehman Brothers, sought shelter under Chapter 11 bankruptcy laws, while another, Merrill Lynch & Co., announced it had sold itself at…

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03.26.2008 10:55 am

Bailout gets bigger

St. Louis Post-Dispatch

Did we say that the Fed’s rescue of Bear Stearns was a “limited bailout.” Yes, we did in an editorial March 18.

Oops. It seems the bailout is now looking bigger. The original plan called for Bear’s shareholder to get a…

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