18 September 2008
Posted by James Breen at 9/18/2008 5:32:00 PM
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These last few weeks have been chilling times in the economic markets. It felt like an earthquake a little over a week ago when the government stepped in and took over finance giants Fannie Mae and Freddie Mac. The ground shifted on Wall Street again this weekend as the feds declined to store Lehman Brothers, leasing one of the major players on Wall Street go bankrupt as a outcome of its exposure to bad finance loans. Bank of America also bought out Merrill Lynch this weekend for pennies on.
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Posted at 17:32 0 comments
18 September 2008
Posted by James Breen at 9/18/2008 12:24:00 PM
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Posted at 12:24 0 comments
18 September 2008
Posted by James Breen at 9/18/2008 12:49:00 AM
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American International Group — known by the shorthand AIG — is a New York-based asset party that provides insurance and monetary army through many subsidiaries nationwide. The federal government announced a rescue intend Tuesday to bank the financially-ailing company. Under the plot, the government will give the band a two-year $85 billion credit so the solid can link its monetary obligations in an amenable behavior without adding to the on-open turmoil in the world markets. Here ..>>.
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Posted at 0:49 0 comments
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