16.09.2008 Credit Crunch Update - Stocks plunge amid Wall St crisis, biggest one-day decline since 9/11, US bank sector faces further closures (video), Last men standing - Goldman Sachs and Morgan Stanley face questions, The Street`s future, Old-school banks emerge atop new world of finance, Other Voices: Moral hazard argument can be hazardous to your health - more investors question governments will never let their largest banks fail, BofA's Ken Lewis on Merrill Lynch (video), Whitney On Wall Street`s Future (video), Paulson says prepared to act to ensure stability, Washington Mutual`s rating cut to junk, shares down 27%

Stocks plunge amid Wall St crisis, biggest one-day decline since 9/11 From FTAlphaville: US stocks suffered their biggest one-day decline on Monday since the market reopened after the terrorist attacks of Sept 11, 2001, as investors sought the safety of cash and government debt following the historic collapse of Lehman Brothers, the emergency sale of Merrill Lynch to Bank of America and the deep

Article source: http://www.washingtonpost.com/wp-dyn/content/article/2008/09/15/AR2008091503035.html - Opalesque is not responsible for the content of external internet sites

Print