Wall Street's Unraveling »
Posted By berkeley 1 year, 3 months ago in Business & FinanceWall Street as we know it is kaput. It is not just that Merrill Lynch agreed to be purchased by Bank of America or that the legendary investment bank Lehman Brothers filed for bankruptcy or that the insurance giant AIG is floundering. It is not even that these events followed the failure of the investment bank Bear Stearns or the government's takeover of Fannie Mae and Freddie Mac , the largest mortgage lenders. What's really happened is that Wall Street's business model has collapsed.
Read Full Story at washingtonpost.com »
247 Views Share Story 0 Comments Report
Submitted By:
berkeley
If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy. Of all the enemies to public ...
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.