Lehman Brothers: the next shoe to drop ?

They have a really shiny display in Times Square ,but is that enough to save them from this perpetual downtrend? Amidst all the pessimism there is a beacon of hope  :overseas capital
Check out the full article

Investment banks: borrowing from Fed

In a bid to stabilize the jittery markets, the Fed said on Sunday that it would allow investment banks to borrow from its discount window using a wide range of investment-grade securities for collateral. Markets were unstable after a run on the bank at Bear Stearns Cos Inc (BSC) forced [...]

Greenspan Speaks; Brace for impact

The current crisis rocking the markets and global economy could turn out to be the worst since World War II, former US Federal Reserve chairman Alan Greenspan said in remarks published Monday.
“The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second [...]