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The Wall Street Meltdown

Posted by Chris Farrell on Monday, September 15, 2008

I'm not surprised that Lehman Brothers went into bankruptcy. But Merrill Lynch worried enough to sell itself to Bank of America? That's a stunning development.

AIG is an extremely complicated, global insurance company with a large presence in Asia. Technically, its regulated by the states, but the Feds are deeply involved this time around.

Who's next?

Comments (1)

Lisa | Respond
September 15, 2008 8:14 PM

So, as with Lehman Brothers, if I have retirement accounts with AIG Retirement, the money is protected?

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