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September 14, 2008

Stuff Going On -- Wall Street -- On A Sunday

-- by Dave Johnson

Hey turn on CNBC. Yes, this is Sunday afternoon/evening. Stuff is happening. Lehman Brothers is probably filing for bankruptcy because the Fed is not bailing them out. This means the stock market will realize that the Fed is not going to just bail everyone out, and they aren't going to like that. The AIG insurange giant is in trouble. Washington Mutual is in serious trouble. Bank of America is buying Merrill Lynch. All this on a Sunday.

Update - See new post: Is Your Money Safe?

Posted by Dave Johnson at September 14, 2008 5:44 PM


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