My Two Cents

The Wall Street Meltdown

Chris Farrell Sep 15, 2008

I’m not surprised that Lehman Brothers went into bankruptcy. But Merrill Lynch worried enough to sell itself to Bank of America? That’s a stunning development.

AIG is an extremely complicated, global insurance company with a large presence in Asia. Technically, its regulated by the states, but the Feds are deeply involved this time around.

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