subprime

Lehman filed for bankruptcy protection on Monday, and by late Tuesday had sold its North American investment banking and trading operations to Barclays, Britain's third-largest bank, for the bargain price of $250 million.

http://ca.news.finance.yahoo.com/s/16092008/2/biz-finance-british-bank-b...

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