While investment banks are falling by the wayside, and the stock market’s shakiness puts the camerawork on “Cloverfield” to shame, there has been no shortage of phrases evoking nature’s fury to capture the magnitude of the biggest upheaval on Wall Street since 1929.
Speaking of magnitude, the Associated Press sized up the Dow Jones via the Richter scale in its Sept. 20 piece entitled, “A quake rocks Wall Street and the tremors ripple.” Of course, financial quakes set off financial tsunamis, as pointed out by Indian news site Rediff.com’s headline, “Financial tsunami swamps the world.”
Seismology isn’t the only earth science to get a nod in credit crunch coverage, however. Weather Channel buffs can flip the remote over to CNBC to learn about Wall Street meteorology—namely to answer the question, “Can NYC Weather This Financial Hurricane?”
Britain’s Halifax Bank of Scotland also faced stormy times last week, although the clouds lifted when Lloyds TSB took it over. Read about it in The Independent’s op-ed, “Lloyds holds all the cards as HBOS seeks shelter from financial hurricane.”
Anne Szustek
Senior Writer
To read more about the current sweep of bankruptcies and mergers to roil Wall Street, please see:
“Barclays Grabs Bulk of Lehman Brothers”
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