Months after one of the local real estate blogs pronounced the credit crisis to be over, Lehman Brothers faces bankruptcy, Merrill Lynch faces a likely sale to Bank of America, AIG faces a huge asset fire sale and stock futures plummet over concerns about the health of the entire financial system. Hold on tight, this ride is far from over despite what some would try to tell you. In fact, Reuters calls today's events a potentially "unprecedented shake-up."
Don't forget to check back to Dan's Deep Creek Blog for future updates.
Sunday, September 14, 2008
The credit crisis rears its ugly head again ..
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