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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.

(no subject)

Date: 2008-09-15 11:40 am (UTC)
From: [identity profile] digitalemur.livejournal.com
I blame this post for the lengthy dream I had last night that my mother's farm mortgage had magically converted into a variable-rate mortage that had a new interest cap at 30% and was expected to reach that cap some time in the next year.

And yes, I thought "they can't do that!" even in the dream.

(no subject)

Date: 2008-09-15 09:52 pm (UTC)
From: [identity profile] r-ness.livejournal.com
Good thing they can't, eh?

(Please don't blame the messenger. :) )

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