With the latest crisis in the US Markets, it's been a nightmare to the wallstreet as plenty of indexes are failing.
The newest one to fail was Lehman Brothers. A reputed and world's fourth giant in asserts on banking and was being willing to declare bankruptcy in a shortwhile.
Industry giant Bank of America is waiting to pull out of buying the company and UK based Barckays Bank have been already resigned from the race.
Last week US Treasury had 'pumped' several billion dollars to save two minor companies and now the treasury is stand on the point that 'it is a nightmare to liquidate Lehman Brothers'.
Monday, September 15, 2008
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