We're not yet finished with James Stewart's New Yorker story, The Eight Days of the Financial Crisis, in which he takes us through the events of September 12 to September 19, 2008, but so far there's lots of good stuff. Bernanke, who's never yelled before, raises his voice to Hank Paulson, of all people, knowing exactly what the Hammer could do to him with just one hand. Jamie Dimon uses the word "pussyfoot" when telling AIG's Willumstad to get his ass in gear. John Mack's close personal friends call to tell him sorry, but they're pulling their money from Morgan Stanley. An unnamed CEO cries while on the phone with Tim Geithner. And Lloyd Blankfein tells a Master of the Universe to quit being such a puss.
At 11AM, for the fourth consecutive day, investment bankers filed into the New York Fed. "I don't think I can take another day of this, a Goldman banker told Lloyd Blankfein as they got out of the Goldman car.
"You're getting out of a Mercedes to go to the New York Federal Reserve," Blankfein responded. "You're not getting out of a Higgins boat on Omaha Beach."
Oh, and Hank Paulson smears some on some lipstick.