About 15 members of Occupy Cornell, Occupy Ithaca College and Occupy Ithaca protested the Work on Wall Street Conference at the Statler Hotel on Saturday.

What Occupy Wall Street needs to succeed. 

The Senate released a 650-page report attributing the 2008 financial crisis to high-risk loans, conflicts of interest and failed regulation on Wall Street; so, Sun columnist Tony Manfred '11 asks, why isn't anyone talking about it?

Despite the 2008 financial crisis, Wall Street is still full of opportunities for “smart, ambitious, creative” individuals, according to former chief investment officer of Lehman Brother’s Private Equity Division Steven Berkenfeld ’81, who offered students an insider’s view of a Wall Street career on Saturday.

NEW YORK (AP) — Wall Street stormed back after its worst week ever and staged the biggest single-day stock rally since the Great Depression on Monday, catapulting the Dow Jones industrials to a 936-point gain and finally offering relief from eight consecutive days of stock market carnage.

While no one was saying the worst was over for the staggering financial system or troubled economy, buyers returned to the stock market with gusto, with some saying stocks had been driven down to fire-sale prices.

You know what really grinds my gears? People. People who say, “Do you hear me, local representative?! I will not re-elect you. Be afraid. Be very afraid.”

First off, saying, “local representative” instead of, “Kucinich” or whomever is generally a good indication that you don’t know who your local representative is. Second off, who votes for local representatives? Did you vote for your local representative last year? Do you know whether or not he voted for the bailout bill? Were there actually local elections last year? Did he hear your voice? If you did not have a representative, would you even know the difference? All valid questions.

Stick and stones may break my bones, but words can never hurt me. So goes the tune we were all taught as 7-year-olds to make ourselves feel better after getting mercilessly teased by the school bully. But flash forward to 2008 and it seems like the pen has come back with a mighty vengeance.

NEW YORK (AP) — As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks — Washington Mutual Inc. — has collapsed under the weight of its enormous bad bets on the mortgage market.

The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift's banking assets to JPMorgan Chase & Co. for $1.9 billion.

Seattle-based WaMu, which was founded in 1889, is the largest bank to fail by far in the country's history. Its $307 billion in assets eclipse those of Continental Illinois National Bank, which failed in 1984 with $40 billion in assets; adjusted for 2008 dollars, its assets totaled $67.7 billion. IndyMac, seized in July, had $32 billion in assets.

“Expediency is not a good guide for policy, and that is where we are right now,” said Prof. Maureen O’Hara, the Robert W. Purcell Professor of Management in the Johnson School of Management.

As Congress continues to debate Bush’s proposed $700 billion economic recovery plan, last night a panel of professors from the Johnson School analyzed the causes of the financial crisis and offered solutions for the future. Over 250 people attended the discussion.

Moderated by Prof. Doug Stayman, marketing, and the associate dean for curriculum at the Johnson School, the Market Crisis Panel addressed the tumultuous events in the finance world that have happened over the past days.