Portfolio.com: December 2008 - In This Issue
December 2008
Cover Story
by Michael Lewis
With the Wall Street era officially over, the writer who chronicled its excess in
Liar's Poker returns 20 years later to explain how things fell apart.
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Features
by Joe Keohane
Blackstone picked up Hilton for $26 billion at the peak of the buyout market. With the industry now in a hole, C.E.O. Stephen Schwarzman might wish he had never checked in.
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by Sheelah Kolhatkar
New York's popular mayor is dogged by a class-action suit charging that his media company discriminated against pregnant staffers.
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by Franz Lidz
The middleweight fighter is emerging as a heavyweight promoter with 50 boxers in his stable. Can he get a bloodied sport back in the ring?
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by Jesse Eisinger
Pols are gunning for hedge funds, and investors are bailing as a high-flying industry prepares for its great reckoning. How did it fall so far?
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by Alexandra Wolfe
Plenty of sons follow their fathers into the business world, but only Donald Jr. can dish on surviving the meltdown in true Trump fashionand explain his father's 1980s style.
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by Willow Duttge
With G.M. seeking a buyer for its tanking Hummer line, four agencies offer their visions on how to rebrand the world's most infamous S.U.V.
View Slideshow
Here's what worked in 2008, and how to get ahead in 2009.
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by Paul Ingrassia
How declaring bankruptcy could save General Motors.
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by Howell Raines
Paul Krugman saw the $700 billion bailout's fatal flaw. Read More
by John Cassidy
The crash and coming crises.
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by L. Christopher Smith
Inside the Church of Cruise. Read More
by Matthew Cooper
The Blackstone co-founder launches a $1 billion foundation to warn about U.S. debt. Read More
PLUS ...
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by Matthew Malone
Why is Annika Sorenstam packing up her golf clubs?
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by Alexandra Peers
Luxury sponsors of the art-world elite's annual party are scaling backor pulling out.
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by Jocelyn Hanamiriam
While the mortgage crisis rages, a few L.A. homeowners are turning their houses into film sets.
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by Roger Lowenstein
Book Review: A new book reveals how Washington's close relationship with a Saudi diplomat went up in smoke after 9/11.
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by Deborah Schoeneman
What's on these executives' December cultural calendars.
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by Will Safer
Flat-screen TVs, earphones, video cameraspriced for both bull and bear markets. Read More
With everybody wrong about the financial crisis, nobody can gloat. Read More
What happens to the largest charitable gifts of failed banks?
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Lenders' once-earnest feel-good slogans are now hopelessly ironic.
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The S&L rogues of the '80s and '90s: Where are they now?
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