Financials Update Monday, September 15, 2008
Posted by ei-forum in Miscellaneous.trackback
We are officially in unchartered territory: Merrill has agreed to sell itself to Bank or America and Lehman will file for bankruptcy protection. What will happen next? Furthermore, AIG just announced that it is seeking a $40 billion bridge loan from the Federal Reserve.. are the insurance companies next?
Stayed tune for more…
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The lack of oversight has created this currant turmoil, and I not sure that we’ve seen the last of it yet.
probably not, far too many issue have to be resolved….