Dipity
A week after the collapse of Lehman Brothers and the sale of Merrill Lynch put the cogs in motion, Secretary Paulson was on the Sunday morning talk shows pitching his $700 billion bailout proposal....
Congress got the proposed legislation in the overnight hours. The bottom line: The administration was asking for $700 billion to buy troubled mortgage assets and get the financial system flowing ag...
As Wall Street eagerly awaited the details of Secretary Paulson's plan, the SEC took what it called "emergency action" Friday morning and temporarily banned investors from short-selling 799 financi...
With a crisis on its hands, the Fed convinced five other central banks around the world to invest a total of $180 billion in global financial markets. Meanwhile, AIG was tossed out of the Dow Jon...
Investors gave an enormous thumbs-down to the AIG news, sending stocks plummeting, while traders piled funds into safer havens. Gold rose $70, a new record. Oil rose $6, its second-largest jump eve...
Stocks saw another sharp drop on Tuesday morning as worries mounted that the financial system was broken beyond repair. Investors poured money into bonds, and the yield on the benchmark 10-year Tre...
As traders sold off stocks on the weekend's dour news, rumors began to circulate that AIG was struggling to raise enough capital to fend off a downgrade. As a result, New York Governor David Paters...
News that Lehman Brothers was on the brink of collapse and scrambling for a buyer first surfaced on Friday. But by Sunday, there were still no suitors for the 158-year old investment bank, and bank...
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