deed and mortgage on April 16, 2008. Lysandra Ohrstrom, “15 CPW Alert! Lehman Lady Lands $6.5 M. Pad,”
31 15 Central Park West: James Quinn, “Sting Rubs Shoulders with Giants of Finance at $2bn Apartments,”
31 borrow $5 million to pay for the $6.48 million space: According to New York City housing records she took out a $5 million mortgage. Also see DealBook, “Lehman’s C.F.O. Checks into 15 C.P.W.,”
31 “I don’t want to make too much of words”: Matt Lauer interview with Treasury secretary Henry Paulson,
32 quoting from the front page of the
33 Goldman, Lehman first-quarter earnings: Jenny A nderson, “Swinging Between Optimism and Dread on Wall Street,”
33 “Lehman kind of confounded the doomsayers”: “Lehman Lifts Mood, and So Does Goldman,”
33 “all in all solid”: Susanne Craig and David Reilly, “Goldman, Lehman Earnings: Good Comes from the Bad,”
34 “There’s no question the last few days”: Callan, from transcripts of the Lehman Conference Call: Lehman Brothers Holdings Inc. (LEH) F1Q08 Earnings Call, March 18, 2008.
34 “You did a great job, Erin”: Ibid.
35 The stock would end the day up: Anderson, “Swinging Between Optimism and Dread,”
35 “The only complaint I have”: Patricia Sellers, “The Fall of a Wall Street Highflier,”
35 she slapped him a high five: Curran, “Lehman Surges 46%,”
35 “I still don’t believe any of these numbers”: Alejandro Lazo and David Cho, “Financial Stocks Lead Wall Street Turnabout,”
CHAPTER TWO
36 “That makes me want to vomit!”: A version of this story was previously reported by Kelly,
36 raise the price to $10: Kate Kelly, “The Fall of Bear Stearns: Bear Stearns Neared Collapse Twice in Frenzied Last Days,”
37 “I could see something nominal, like one or two dollars per share”: Kelly,
37 government’s offer to backstop $29 billion of Bear’s debt: A week later, to limit exposure, the Fed revised its offer to $29 billion. See Robin Sidel and Kate Kelly, “J.P. Morgan Quintuples Bid to Seal Bear Deal,”
37 Bear’s shareholders and employees had practically revolted: Ibid.
37 “This isn’t a shotgun marriage”: Moldaver, as reported by Kelly, “The Fall of Bear Stearns,”
38 “All these years of deregulation by the Republicans”: Maura Reynolds and Janet Hook, “Critics Say Bush Is Out of Touch on the Economy,”
38 Paulson advising Bush on his Economic Club speech: Kelly,
39 “You may need a bailout, as bad as that sounds”: Ibid.
39 worked in the Nixon White House: In 1972, after two years as a Pentagon aide, Paulson assisted John Ehrlichman, Nixon’s domestic policy chief, who would later be jailed for his role in Watergate. See “The Quiet Ascendancy of Hank Paulson,”
39 “I will get down here and”: David Cho, “A Skeptical Outsider Becomes Bush’s ‘Wartime General,’ ”
39 pushing especially hard for Paulson: See Fred Barnes
40 had been a “pioneer” for Bush: Landon Thomas Jr., “Paulson Comes Full Circle,”
40 “You started with Nixon”: Paulson,
40 “This is a failed administration”: Ellis
40 “I love my job”: Susanne Craig, “Boss Talk: Goldman CEO Tackles Critics, Touchy Issues,”
41 “Fear is the fountain of sickness”: Eddy,
42 He demanded assurances, in writing: Cho, “A Skeptical Outsider,”
