With the recent financial crisis dealing with Banks and the 500 point drop on the Dow, here are some news stories from the past few days:
Fed bails out AIG lending the insurance giant $85 billion loan for 2 years. Fed gets 79% equity stake in AIG.
Barclays buys some of the core assests of Lehman Brothers for $1.75 billion. Move could save as many as 8-10 k jobs in the U.S. Sounds like a steal to me.
Russian stock market dropped 17% yesterday and then suspends selling. It dropped 6.4% today and has already been suspended for a second straight day. Wow.
Samsung makes a $5.85 billion bid on SanDisk.
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