Crash Scoreboard: Times Thumps Journal

Add one more potential winner to the short list of beneficiaries of the apocalypse. The New York Times today absolutely clobbers the Wall Street Journal with an inside-the-negotiations story of the kind the Journal has always owned. I'd link to the Journal story so you can compare, but you need a subscription. The Times story you can get free. So now the Journal costs money, the new print paper looks more like the Bergen Record than the stately old Journal, and it's losing its insider baseball monopoly. As yet, at least no plans by Rupert Murdoch to merge it with MySpace.

Read the story carefully and note which bankers seem to love the plan most: JP Morgan's Jamie Dimon and Bank of America's Ken Lewis. The guy who seem to have been counting on a bailout since long before the government suspected it would be giving it to them.