This is a shocking day, we thought someone would have pulled Lehman, Merrill Lynch like Bear Stearns, Freddie, Fannie. But it is shaking time! We have some tough challenges here. Get ready to stand up on your own! Expect real harsh conditions in 2009! A stunning makeover of the Wall Street landscape sent stocks falling precipitously Monday, with the Dow Jones industrials sliding 500 points in their worst point drop since the September 2001 terrorist attacks. Investors reacted badly to a shakeup of the financial industry that took out two storied names: Lehman Brothers and Merrill Lynch Co. Stocks also posted big losses in markets across much of the globe as investors absorbed Lehman's bankruptcy filing and what was essentially a forced sale of Merrill Lynch to Bank of America for $50 billion in stock. While those companies' situations had reached some resolution, the market remained anxious about American International Group Inc. , which is seeking emergency funding to shore...
Thank you, I just wanted to give a greeting and tell you I like your blog.
ReplyDeletereally enjoyed it. Thanks!
ReplyDelete