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  • Lehman, Merrill: What We Are Likely To See On Street Monday, 15 Sep 2008 | 9:57 AM ET
    THE FALL OF LEHMAN BROTHERS - A CNBC SPECIAL REPORT

    Wall Street has fretted that it does not know how to value many derivative assets because they trade so rarely. We are now about to find out, assuming Lehman begins a liquidation of assets.

  • Stocks Set to Plunge on Wall Street Pain Monday, 15 Sep 2008 | 9:27 AM ET

    Stocks looked set to plummet Monday after a trifecta of Wall Street pain: Lehman Brothers filed for bankruptcy, Merrill Lynch was bought by Bank of America and AIG asked the Fed for short-term financing.

  • What the Pros Say: 'Preserve Capital' Monday, 15 Sep 2008 | 8:31 AM ET
    THE FALL OF LEHMAN BROTHERS - A CNBC SPECIAL REPORT

    The financial sector took another hit after Lehman Brothers filed for bankruptcy protection on Sunday and Wall Street scrambled to shore up the system.

  • Asian Markets Tumble on Lehman Woes Monday, 15 Sep 2008 | 5:36 AM ET

    Asian markets -- the few of them that were opened today -- fell sharply as U.S. investment bank Lehman Brothers filed for bankruptcy, dragging down financials.

  • Wilbur Ross: Possibly a Thousand Banks Will Close Monday, 15 Sep 2008 | 2:12 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    In an exclusive interview with CNBC.com, Wilbur Ross, chairman and CEO of WL Ross & Co., says he sees possibly as many as a thousand bank closures in the coming months. And this will create opportunities for investors.

  • Wall Street In Crisis: Is Your Bank Safe? Sunday, 14 Sep 2008 | 11:29 PM ET

    In the wake of the latest wave of bank failures, the FDIC matters more than ever.

  • Bloody Sunday: Wall Street Is Hit by Financial Tsunami Sunday, 14 Sep 2008 | 10:32 PM ET

    The U.S. financial system was badly shaken by the failure of Lehman Brothers, the surprise takeover of Merrill Lynch and big asset sales by AIG.

  • Bank of America to Buy Merrill Lynch for $50 Billion Sunday, 14 Sep 2008 | 7:42 PM ET

    Bank of America said it agreed to buy Merrill Lynch in an all-stock deal worth $50 billion, snagging the world's largest retail brokerage after one of the worst-ever weekends on Wall Street.

  • Vince Farrell

    Some preliminary thoughts on the Lehman/AIG/financial crisis we'll discuss on the show tonight:1) Bear Stearns failed because it didn't have enough liquidity to conduct its daily business. They had more in overnight loans (repos) than they had in cash on hand by about 4 to 1.

  • Game Plan: Why We Absolutely Need a Rate Cut Friday, 12 Sep 2008 | 7:48 PM ET

    Investors should prepare for the worst just in case it turns out that Ben Bernanke knows nothing yet again.

  • Credit Crunch Weighs On Market Friday, 12 Sep 2008 | 6:41 PM ET

    The Dow closed lower on Friday as investors grew increasingly nervous about the uncertainty around Lehman Brothers.

  • Stocks Gain 1.8% for Week Despite Bank Rout Friday, 12 Sep 2008 | 6:23 PM ET

    Increasing optimism about loans to the U.S. auto industry helped drive major indexes out of negative territory. General Motors was the top gainer on the  Dow Jones Industrial Average and S&P 500, while Ford was among the top gainers on the Nasdaq.

  • AIG Worries Drag on Dow; Autos Gain Friday, 12 Sep 2008 | 3:59 PM ET

    Increasing optimism about loans to the U.S. auto industry helped drive major indexes out of negative territory. General Motors was the top gainer on the  Dow Jones Industrial Average and S&P 500, while Ford was among the top gainers on the Nasdaq.

  • Auto Gains Help Offset Drag of Financials Friday, 12 Sep 2008 | 1:54 PM ET

    Increasing optimism about loans to the U.S. auto industry helped drive major indexes out of negative territory. General Motors was the top gainer on the  Dow Jones Industrial Average and S&P 500, while Ford was among the top gainers on the Nasdaq.

  • Stocks Decline Amid Lehman Jitters Friday, 12 Sep 2008 | 11:35 AM ET

    Stocks opened lower Friday amid uncertainty surrounding Lehman Brothers and were dragged down further after the government's reading on retail sales fell well short of its mark.

  • Disappointing Retail Sales Drag on Stocks Friday, 12 Sep 2008 | 9:25 AM ET

    U.S. stock index futures were lower amid uncertainty surrounding Lehman Brothers and were dragged down further after the government's reading on retail sales fell well short of its mark.

  • Lehman Puts Itself on the Block, Shops for Suitors Friday, 12 Sep 2008 | 5:53 AM ET

    Lehman Brothers, which is actively shopping the entire firm, is unlikely to remain independent much longer.

  • Is Gov't Brokering Lehman Takeover? Thursday, 11 Sep 2008 | 6:59 PM ET

    After hours, published reports suggested that the government could be engineering a takeover of Lehman Brothers...

  • Stocks Rally On Potential Lehman Sale Thursday, 11 Sep 2008 | 6:13 PM ET

    The Dow rose on Thursday after a late day report suggested that Bank of America is in talks to buy embattled investment bank Lehman Brothers.

  • Stocks Stage a Late Rally; WaMu Jumps Thursday, 11 Sep 2008 | 5:19 PM ET

    Stocks slid into home plate with a late rally that bumped the Dow up nearly 170 points as oil flirted with $100 a barrel and the market was abuzz with speculation that a resolution for Lehman Brothers could happen within days.