The Recessionistas — Alexandra Lebenthal

It's the day after Labor Day, 2008, and the bottom is about the drop out of the economy. Hedge fund owner John Cutter is in the process of an ugly divorce and nearly in financial ruin, except for the assets he is hiding from his wife Mimi in the Cayman Islands. When he concocts a scheme to redeem himself, he enlists Lehman Brothers investment banker Blake Somerset as an accomplice. Blake is ripe for recruitment given that he too is on the verge of being in dire financial straits given Lehman's decline and imminent bankruptcy. Blake's socialite wife Grigsby is barely aware of her changing world to begin with, and has no idea of the perilous situation her husband is about to enter into. As autumn unfolds, Grigsby's fairytale life starts to unwind. Meanwhile, John and Blake's scheme comes to light when street-smart Renee Parker begins her new position as John's executive assistant. Convinced something is amiss, she enlists her friend Sasha Silver, CEO of Silver Partners, to help her decipher what is happening. This story of expulsion from a modern-day Garden of Eden captures what happens when economic decline spells ruin for Manhattan's pampered elite.