Media-Whore D'Oevres

"NBC Nightly News' Brian Williams will be making the trip to Englewood Cliffs, NJ tonight, to anchor the program from CNBC's HQ. In what is turning into a historic day on Wall Street, the move signals NBC's reliance on its financial cable network. 'We are the business and economics division of the entire network,' CNBC SVP Jonathan Wald tells TVNewser. 'It makes sense we provide reporting and analysis.'" (TvNewser)

"The Weekend. Hot. Heat; humidity. Sweating it out. The focus in the pockets of many parts was on Wall Street and namely Lehman Brothers. There are still old family fortunes in New York -- century old family fortunes -- that came from Lehman Brothers. There are many newer ones – half-century, quarter century, five year, two year fortunes in New York that also came from Lehman Brothers. FY 2007, they reported profits of something like fifty billion dollars, from which they were able to extract some pretty hefty year-end bonuses no doubt, as is (or was) the fashion in these times." (NYSocialDiary)

"The Dow Jones has closed down 504.48 points at 1,0917.51, which is the worst single drop since September 2001 after the 9/11 attacks." (BreakingNewsOn)

"As promised, Joe Biden went after John McCain today in a 30-minute speech that hammered the record and campaign tactics of the GOP presidential nominee. Recalling President Bush’s promises to change the tone and character of Washington, Biden told the crowd of 1,500 that 'we saw how that story ends. A record number of home foreclosures. Home values, tumbling. And the disturbing news that the crisis that you’ve been facing on Main Street is now hitting Wall Street, taking down Lehman Bros. and threatening other large financial institutions,' Biden said, referencing the extraordinary events that rocked Wall Street over the weekend. 'Eight years later, we have another Republican nominee who’s telling us the exact same thing: He’s saying this time it will be different, he says it really will,' Biden continued, as a woman hollered “Don’t you believe it!'" (Politico)

"Treasury Secretary Henry Paulson said Monday that Americans can be 'very, very confident' that their accounts and their banks are sound despite a disastrous day on Wall Street that has raised fresh questions about the strength of the struggling economy. Paulson, taking questions from reporters at the White House, said the country 'is working through a difficult time in our financial markets,' adding that he thinks the worst of the housing crisis, which he described as 'the root' of the economy’s problems, could be behind the country in 'a matter of months.'" (TheHill)

"Hank Paulson has take-charge demeanor at presser. But he ducked questions on whether Bush adm. has responsibility for Wall St. meltdown." (Twitter/HowieKurtz)