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Deep-Pocketed Wine Site Lot18 Cuts 11 Employees, Scales Back After Heady Expansion PayPal Cofounder Peter Thiel Wants to Found a Libertarian Utopia in Honduras Salesforce Acquires Buddy Media for $689M in Cash and Equity

PolitickerNY

Anna Wintour Orders Obama Donors To Fall In Line Becker Stays on Nan Hayworth’s ‘Acid Hurling’ Controversy PayPal Cofounder Peter Thiel Wants to Found a Libertarian Utopia in Honduras

GalleristNY

John Constable Painting For Sale at Christie’s Sparks Family Feud 8 Things to Do in New York’s Art World Before June 10 Mad. Sq. Art Raised $1 M. at Benefit Honoring Martin Friedman

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Gypsy Songs and Tarot Readings at the Annual Proteus Gowanus Benefit Marina Abramovic on How Her Brainwaves Are Illuminated To Do Monday: Out Like a Lambda

Media

At Bloomberg LP, Your Colleagues Know When You're Slacking Off Cheryl Strayed's Memoir So Good Oprah Winfrey Reboots Book Club Bill Clinton, Media Critic

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So That's Why They Tore Down the Sundrome: JetBlue's New T5i and Why JFK Now Has Only Six Terminals Fun: An Interactive Map of Every NYPD Stop from 2011, By Race and Neighborhood!The Secrets of Cameo Appearances on Gossip Girl: Exposed!

Culture

John Constable Painting For Sale at Christie's Sparks Family Feud Sarah Jessica Parker Cuts New Ad For Obama, Saying He's Her 'Guy'Andy Samberg Leaves Saturday Night Live

Wall Street

HSBC Tests Greek ATMs for Compatibility With Drachma MF Global Invesitgation Focuses on Treasurer, Soros Speaks on Europe: Wall Street Roundup So Now We're Blaming JPMorgan's $2.3 Billion Trading Loss on Biology

Real Estate

On the Market: Fire at 1 WTC; SLG and Hines Have 'Grand' Plans; New Hotel for NoMad Upper East Side Townhouse Tries For Twice The Price MoMA PS1's Young Architects Program Expands to Istanbul, Joining Initiatives in Rome and Santiago

Opinion

On, Wisconsin! Progress on Governors Island The Pension Crisis

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Commercial Observer

Invesco Buys 130 Prince Street for $140.5 Million SL Green Eyes Grand Central Development The CO’s Big Night Hanging With Scott Rechler and The New York Giants

By Landon Thomas Jr. 12/24/01 12:00am

Banker, Loan Maestro Jimmy Lee Switched Suspenders for Sweaters

On a Friday morning in early November, JP Morgan Chase’s Vice Chairman James Bainbridge Lee Jr. received a phone call from his Executive Committee colleague Marc Shapiro, also a vice chairman at the bank. The Enron crisis was building, the stock was plunging and JP Morgan Chase, as main lender to the company for the Read More

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