WINNERS

BEN BERNANKE

Fed head sees move to drop discount rate calm jittery markets, restore investor confidence and bring volatility index down.

BRUCE WASSERSTEIN

Closes deal to sell American Lawyer Media for $630M despite skittish market conditions that had constrained credit.

MICHAEL RAPINO

Live Nation CEO sees stock goosed after word spreads that company may ditch Ticketmaster and start its own ticket company.

LOSERS

STEPHEN SCHWARZMAN

Blackstone honcho sends missive to Sen. John Kerry complaining about the idea of raising tax rate on private-equity profits

JIMMY JELLINEK

Editor of lad book Maxim given the boot after only a year of service.

SENTINEL MANAGEMENT

Securities and Exchange Commission slams investment firm with civil fraud charges over reportedly issuing false client statements.