Media covers market meltdown from all angles

Market meltdown dominates news; presidential campaigns' dealing in half-truths; Third Eye Blind reaches out to fans in new marketing twist; and more.

News outlets have been on fire since Sunday with news of the Lehman Brothers Chapter 11 filing, the Merrill Lynch sale to Bank of America, and the implications for Wall Street and the world markets.

CNNMoney.com gives a wrap up of all the issues with some financial analyst and insider commentary.

The Wall Street Journal
provides analysis from just about angle on its homepage, including today's stock drops.

The Financial Times talks about the initiative from ten of the world's largest banks into a $70 billion liquidity fund which, taken with the Fed's easing of lending terms, address fears of short-term funding. Among the banks participating in the private sector fund are Goldman Sachs, JP Morgan Chase, and UBS.

Floyd Norris blogs live about Lehman for The New York Times. And inside the Beltway, The Washington Post looks at how the meltdown could influence future regulations of the US' financial sector given a general lack of trust and confidence in some of The Street's biggest players.

Also:

The Los Angeles Times looks at the value of communicating untruths in the presidential campaigns of both Senators John McCain and Barack Obama.

 

Mel Karmazin, CEO of the recently merged Sirius XM Radio, takes heat from investors after making “flippant remarks” at an investor meeting last week. The company's stock is trading below $1 since XM and Sirius joined in late July.

 

Rock band Third Eye Blind leaked bits of its upcoming album Ursa Major for fans to remix. Selected remixes will be featured on a compilation album that will accompany the band's album.

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