Black September: The Early Autumn Economic Crisis of 2008
Monday, September 29, 2008 at 11:04AM - Lehman Brothers, one of Wall Street’s most
storied investment banks, went bankrupt; - Bank of America purchased Merrill Lynch, another long-time Wall Street
stalwart; - the U.S. government acquired approximately an 80% stake in AIG, the world’s
largest insurer - the yield on the three-month Treasury fell to nearly zero
- money market and
fixed income securities nearly stopped trading; - Russian markets were closed for two full days.
To which I add:
- Hurricanes cause Fuel shortages
- Wachovia's Banking is bought by Citi
- Mitsubishi to Pay $9B for 21% Stake in Morgan Stanley
If you can think of any more, go ahead and add them below.