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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.

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Date: 2008-09-17 11:59 am (UTC)
From: [identity profile] choirsoftheeye.livejournal.com
Oh out of control boom-bust cycles in a deregulated market! You are so awesome!

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