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Monday, September 15, 2008

American Financial System, Shaken to Its Core

Lehman faltered, Merrill sold, American financial system was shaken to its core. Given what have already happened, what will happen next?  Can the financial system resuscitate itself, or more government bailouts to come?  What are the implications for the global financial infrastructure?  Time to think the unthinkables.
 
reports from NYT, WSJ.