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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: 2008-09-16 01:13 am (UTC)
From: [identity profile] stolen-tea.livejournal.com
3 down, 2 to go? I guess Morgan Stanley is the only one that hasn't had a serious effect yet...

(no subject)

Date: 2008-09-16 08:30 am (UTC)
From: [identity profile] r-ness.livejournal.com
And Goldman reports later today (Tuesday).

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