journal

Government Plans $85 bn Bailout of AIG

The U.S government moved toward an emergency rescue of American International Group Inc. -- one of the world's biggest insurers -- signaling the intensity of its concerns about the danger a collapse could pose to the financial system. Damn.

http://online.wsj.com/article/SB122156561931242905.html?mod=djemalert

Lehman to File for Bankruptcy (Chapter 11)

Lehman Brothers to file for Chapter 11 bankruptcy spelling the end for the 158 year old firms. :(

http://online.wsj.com/public/us