There's no way to know now what the net effect of the events of this weekend are going to be. Surely they'll be fodder for authors and analysts for decades. Commentator and business historian John Steele Gordon says it was bound to happen.
General Motors is celebrating its 100th anniversary with a big bash Tuesday in Detroit. At the party GM is expected to focus on the future and one very important car. Dustin Dwyer reports.
AIG, the world's largest insurance company, is being torn apart by losses from the subprime mortgage meltown. The company got some breathing room today but the question on Wall Street is whether AIG can survive the week. Jeremy Hobson reports.
AIG is facing a potential downgrade by the major credit-rating agencies, and is said to be seeking help from the government. Scott Jagow asks Amy Scott, how did an insurer get into this mess?
And now, the fallout. More of the same seems to be the common prediction. As for who next, AIG seems to have been nominated for that post. Stacey Vanek Smith asks economist Christopher Low for his take.
Should we call it Black Monday? Or maybe Black and Blue Monday? Scott Jagow talks to economist Diane Swonk to get her take on what's been going on and what to expect to happen today and onward.
Lehman has failed, Merrill Lynch is now the property of BofA and Wall Street is abuzz over what's next. Stacey Vanek Smith asks with the head of an investment firm, just how serious is this?
Some are calling this weekend's events "a perfect storm." Alan Greenspan called the restructuring perhaps a "once-in-a-century" event. Amy Scott has more on what happened.
Thinking of changing careers? More employers are offering lifelong learning accounts. Think of it as a 401(k) plan for your future education. Katie Macpherson reports.
We often hear about the damage big storms cause, but they can also wreak havoc on the bank accounts of families stuck in their path. David Martin Davies reports.
