Attention Investors
September 15th, 2008 by tad
Okay, if you are an investor pay attention because this is breaking news. Two of Wall Streets’ major investment giants have been broken down – and an insurance powerhouse is now barely hanging on. Lehman Brothers Holdings Inc. (LEH) filed for bankruptcy protection, while Merrill Lynch & Co. (MER) agreed to be acquired by Bank of America Corp. (BAC) for $50 billion. Now that is what I like to call a nice chunk of change. So on top of these two giants losing it, we also have the insurance giant American International Group Inc. (AIG), struggling as well. They are trying very hard right now to raise capital. Sell, sell, sell.
This entry was posted on Monday, September 15th, 2008 at 5:48 pm and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.