Sep 15 2008
LEH files for Bankruptcy, BAC takesover MER, AIG raises capital
S&P and Nasdaq Futures down a massive 4%.
The last post was on July 30th and that was when Meridith Witney has
stated that the credit crises will extend to 2010.
It is now more than a year since the credit crisis started.
We had seen BSC, LEH, Indymac blow up not to mention many smaller ones.
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