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.


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