Lehman Brothers looks like it's going to file for bankruptcy tonight.
Merrill Lynch is selling itself to Bank of America to avoid a similar fate.
American International Group has asked the Federal Reserve for a $40 billion loan.
It's the phase of the moon! :) Or the phase of the business cycle, anyway.
Merrill Lynch is selling itself to Bank of America to avoid a similar fate.
American International Group has asked the Federal Reserve for a $40 billion loan.
It's the phase of the moon! :) Or the phase of the business cycle, anyway.
(no subject)
Date: 2008-09-15 03:04 am (UTC)ML is one of my company's clients. They had a whole buncha bigwigs show up last week for an on-site visit. Nobody really knew what it was all about but there was a clear sense of Big Tension among all the higher-ups. I wonder if they were actually BoA types evaluating us to determine whether or not to remain a client.
Again, I say unto thee, whoa.
(no subject)
Date: 2008-09-15 03:14 am (UTC)(no subject)
Date: 2008-09-15 05:21 am (UTC)