TechSpin: Wall Street in Crisis

Dreyfuss, Joel
September 2008
Red Herring;9/15/2008, p7
Trade Publication
The article reports on the credit crisis experienced by large financial firms in the U.S. Lehman Brothers, for one, has filed for bankruptcy in September 2008 while Merrill Lynch will become part of Bank of America and insurer AIG is looking for capital. The U.S. government refused to intervene after it engineered the sale of Bear Stearns to JP Morgan in March and took over Fannie Mae and Freddie Mac in September.


Related Articles

  • Financial armageddon and the CDS market.  // MarketWatch: Global Round-up;Nov2008, Vol. 7 Issue 11, p209 

    The article reports on the financial crisis in the U.S. financial services industry. The recent seizure of the troubled mortgage giants Fannie Mae and Freddie Mac by the government sent shockwaves in the market. The bankruptcy of Lehman Brothers Holdings Inc. and the nationalization of American...

  • THE NAUGHTY CHILD INDEX.  // New York;9/29/2008, p31 

    The article presents cartoons characterizing the meltdowns of financial companies Lehman Brothers, Bear Stearns, and American International Group.

  • Excessive use of leverage now walloping Wall Street. Skarbeck, Ken // Indianapolis Business Journal;9/22/2008, Vol. 29 Issue 29, p22A 

    The article focuses on the fall of several financial institutions in the securities industry in the U.S. It highlights the downfall of Lehman Brothers Holdings Inc., American International Group Inc. (AIG) and Merrill Lynch & Co. It emphasizes that the excessive use of leverage is walloping the...

  • Insurers and Reinsurers Bleed from Wall Street's Black Monday.  // Asia Insurance Review;Oct2008, p24 

    The article reports on the impact of the collapse of the Lehman Brothers Holdings and Merrill Lynch and the economic crisis of the American International Group (AIG) to the insurers and reinsurers. The author stated that the companies that are affected in the mortgage- related woes include Swiss...

  • Financials melt down.  // Dow Theory Forecasts;9/22/2008, Vol. 64 Issue 38, p2 

    The article offers news briefs related to the financial crisis in the U.S. financial institutions. Merrill Lynch & Co. has agreed to sell itself to Bank of America Corp. for $44 billion in stock which closed at $24 per share. The Federal Reserve has honored the $85 billion loan of American...

  • Long-Overdue Housing Finance Reform Within Grasp. Corker, Bob; Warner, Mark // National Mortgage News;10/7/2013, Vol. 37 Issue 39, p1 

    The article focuses on a bankruptcy filed by financial services company Lehman Brothers Holdings Inc. in September 2013. It discusses the impact of financial crisis on Federal Home Loan Mortgage Corp. (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae). It states that the...

  • When the Wall (Street) Comes Down. Bodamer, David // Retail Traffic;Oct2008, Vol. 37 Issue 10, p4 

    The author reflects on the financial crisis in the U.S. He discusses the meltdown of independent investment banks like Bear Stearns, Lehman Bothers and Bank of America. He cites that ramifications for commercial real estate are severe since the institutions that serve as a backbone of these...

  • GSEs, Lehman, AIG Under Investigation.  // American Banker;9/25/2008, Vol. 173 Issue 186, p20 

    The article discusses the report of a U.S. federal investigation of high-profile companies Fannie Mae, Freddie Mac, Lehman Brothers, and American International Group Inc. (AIG). It is noted that representatives from all four companies declined to comment on the investigation. An explanation by...

  • On the Trail of Bruised Bankers.  // Business Finance;Nov2008, Vol. 14 Issue 11, p6 

    The article discusses the investigation of the Federal Bureau of Investigation (FBI) on the activities of the companies, including Fanie Mae, Freddie Mac, Lehman Brothers Holdings and American International Group (AIG). The investigation, moreover, aims to prosecute individuals who contribute in...


Read the Article


Sign out of this library

Other Topics