Okay, slightly over the top headline, but nonetheless:
- Fourth largest investment bank Lehman goes bust
- Merrill Lynch requires $50bn buy out from bank of America to stop the same from happening to them
- World stock markets in freefall
- World's largest insurer AIG loses $18.5bn in three quarters and requires $40bn loan to stay afloat
- Two largest mortgage firms in the US require buy out to save them
- UK Inflation rises to nearly 5% - reduction in interest rates unlikely
- Travel firms going bust leaving thousands stranded
And it's still raining.
Anyone directly affected by any of this? When the credit crunch hot last year we moved some of our finances around to free up more cash and get rid of some other investments. Glad we did now.
What's next?
- Fourth largest investment bank Lehman goes bust
- Merrill Lynch requires $50bn buy out from bank of America to stop the same from happening to them
- World stock markets in freefall
- World's largest insurer AIG loses $18.5bn in three quarters and requires $40bn loan to stay afloat
- Two largest mortgage firms in the US require buy out to save them
- UK Inflation rises to nearly 5% - reduction in interest rates unlikely
- Travel firms going bust leaving thousands stranded
And it's still raining.
Anyone directly affected by any of this? When the credit crunch hot last year we moved some of our finances around to free up more cash and get rid of some other investments. Glad we did now.
What's next?
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