By Ray LeMoine

Will the sacred preppie den Bar Martignetties be among the first market-crash casualties

Anything I touch seems to get tagged with a Fear and Loathing moniker, even though I hate Hunter S Thompson. After the market crashed on Monday I worked with my buddy Gilmore to produce a short news feature for Channel4 UK, which of course they called Fear and Loathing in New York.

It was a weird post-crash night in New York: Balthazar claimed the slowest night in years, Bar Martignetties was literally empty, and Beatrice Inn yuppie free. We worked about 20 hours straight and even wound up getting assaulted by some Wall St cock face on the 7:23am train from New Caanan. Thanks to ReutersTV for editing expertise.

Watch it here

And here’s C4’s copy:

Fear and loathing in New York
30 Sep 2008
By: Channel 4 News
Inigo Gilmore visited New York’s financial district to see how the bankers are coping.

During the Wall Street crash of 1929, prohibition was in full swing – with the manufacture and sale of alcohol banned.

So with shares volatile and bonuses under threat, what’s a Wall Street banker to do? Head to the pub, of course.

These days, in the midst of the financial crisis, bankers aren’t finding it as hard to drown their sorrows, as shares dive and their bonuses are put under threat.

So which Wall St jocker bro hangout will be first to close? Well, judging from absence of a single paying customer on Monday at 9:30pm, it could be Bar Martignetties. In the now legendary “Pink Shirts Welcome” story from the NYT Sunday Styles, Allen Sarkin desribed the scene with gusto (from May 2007):

Once inside Netti’s, the nickname most regulars use for both levels even though the downstairs, officially, is called Bella’s, the young patrons can enjoy themselves far from mocking eyes. Wearing a black-and-white polka-dot dress that was cut both low and high, Ms. Irani, 23, stood near the D.J. booth downstairs, where her fellow Trinity alumnus Nick Harvey Brown, an Englishman, was spinning 80’s music. “Stroke me, stroke me,” the speakers sang. Anthony Martignetti refers to Ms. Irani as a princess. She says she is an 11th-generation member of a noble Zoroastrian family with roots in Mumbai, but won’t confirm the princess thing.

She does have a regal way about her. Her highness ordered shots of tequila all around and a glass of Champagne for herself. “I like it,” she said, fingering the glass as it was handed up to her, brown eyes flashing. “And it likes me.”

The right to the pursuit of happiness is enshrined in the Declaration of Independence, put there by a collection of landed gentry who could be considered proto-preppies (John Hancock, Harvard, 1754). Making fun of preppies is almost as old an American pastime.

Speaking American pastimes, Go Red Sox!!!