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randomnessLehman 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.
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Date: 2008-09-15 03:05 am (UTC)Last time, with Freddie and Fannie, it definitely was. That announcement was timed so that it happened before Asian market open, in large part because so much of their paper was in Asian hands.