Copyright ©2012 The Associated Press. Copyright ©2010. The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. This material may not be published, broadcast, rewritten, or redistributed.
‘Vultures’ circle crisis, but hesitate to feed
By The Associated Press | Modified: October 11, 2008 at 12:37 am
|
Published: October 11, 2008
Associated Press
NEW YORK — When financial panic sweeps Bedford Falls in the 1946 movie "It’s a Wonderful Life,” the villain, Mr. Potter, moves to snap up the Bailey Bros. Building and Loan, offering a fire-sale price of 50 cents on the dollar.
Multimedia
NewsOK Related Articles
-
US enemies in Mideast gloat over financial crisis
10/11/2008 CAIRO, Egypt - America's opponents in the Middle East are gloating over the financial meltdown in the United States, painting it as divine retribution for...
-
Market slide wipes out CEO’s Chesapeake holdings
10/11/2008 A slumping stock market forced Aubrey McClendon, the high-profile head of one of the state’s most dynamic energy companies, to sell "substantially...
-
Basics paying off for Wells Fargo
10/11/2008 SAN FRANCISCO — With its iconic stagecoach, Wells Fargo & Co. has evoked images of the wild West throughout its 156-year history.
Now it’s...
-
Meltdown miss called stroke of good luck
10/11/2008 In the past two months, Scott Rollins raised $3.5 million in private seed capital for Selexys Pharmaceuticals, the Oklahoma City-based life science company...
-
Paulson to move ahead with bank stock purchases
10/11/2008 WASHINGTON — Treasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to buy stock in financial...
-
Experts clash over stock ‘crash’
10/11/2008 Did stocks "crash”?
Some news organizations and investors are hesitating to use the word to describe Wall Street’s terrifying sell-off....
-
Chesapeake curbs operations
10/11/2008 Chesapeake Energy Corp. said Friday it will make additional operational cuts for the remainder of this year, 2009 and 2010 while it raises cash by selling...
-
Oil sector also falls in market
10/11/2008 NEW YORK — Energy stocks plunged Friday as crude and natural gas prices dropped to levels not seen in more than a year.
The sector has fallen...
"I may lose a fortune,” Potter says with a smirk. The picture’s hero, George Bailey, knows better. "He’s picking up some bargains,” he tells stockholders.
View full article on Oklahoman.com
How do I get Full Access?
Business Photo Galleriesview all