“The 3 A.M. Call” by Paul Krugman
September 28, 2008, 1:00am

It’s 3 a.m., a few months into 2009, and the phone in the White House rings. Several big hedge funds are about to fail, says the voice on the line, and there’s likely to be chaos when the market opens. Whom do you trust to take that call?

From The New York Times