After this weekend failed negotiates for acquisitions Lehman Brothers and FED refused to help, a bank has no options except to wave the white flag and announce bankrupt. This is the largest failure of an investment bank in 18 years. After it in the news i read that other bank icon Merrill Lynch was sold to BAC. May be Merrill also had a difficult with available money and found the different exit.
When I decide that this is a part of a big game I saw at bearish sentiment list that my favorite insurer AIG also was in trouble. He is looking almost 70 bill dollars to fill liquidity. What was the main picture Dow Jones meltdown almost 3% and drag down other big stocks market. Nikkei 225 lost more than 4.5%. German Dax meltdown with 3%, Russian Rts write the biggest failed from 11.5%.
Who would be the next sacrifice?
Tags: AIG, Lehman Brothers, Merrill Lynch, stocks index
