♦ This could get messy: Asian and European markets were mauled on Friday, pointing to another monumental beating for the U.S. market today. [MW]
♦ A recap of Alan Greenspan's humiliating day in front of members of a congressional panel yesterday. [NYT, NYP]
♦ One of the very few people who is having an exceptional year: John Paulson, whose three funds are up between 15 and 25 percent. [WSJ]

♦ AIG has borrowed another $7.4 billion in the last week alone, bringing the total to $90 billion. And that may not be enough. [ Reuters]
♦ OPEC has cut production. [WSJ]
♦ JP Morgan has sued an executive search firm for helping Ken Griffin's Citadel poach talent fromt he bank. [Reuters]
Steve Feinberg's Cerberus would like a "meaningful stake" in a combined Chrysler and Ford. [WSJ]
♦ WIll the crisis force a change in terms to InBev's $52 billion takeover of Anheuser-Busch? [DB]
♦ Foreclosures were up 71 percent in third quarter. [CNNMoney]
♦ Interesting but depressing: Former Bear Stearns chairman Ace Greenberg talks about the meltdown with Charlie Rose. [Wall Street Folly]