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The failure of Lehman Brothers, the surprise takeover of Merrill Lynch and big asset sales by major insurer AIG deliver another shock to the US financial system, as the credit crunch continues to drive a major reconfiguration of the Wall Street landscape. Get the latest news, information, investing advice and more in our special report.
THE INDIVIDUAL COMPANIES:
American International Group
The Federal Reserve comes to the rescue again with an $85 billion loan to help shore up the giant insurer's finances in the the face of a possible Chapter 11 bankruptcy filing.
Lehman BrothersLehman Brothers files for bankruptcy protection. But the Chapter 11 filing will not include its broker-dealer operations or the Neuberger Berman unit.
Fannie Mae and Freddie Mac
The US Government seizes control of the two mortgage finance companies, launching what could be its biggest federal bailout ever, as the credit crunch claims two more corporate victims.
INVESTOR ADVICE, BASICS AND TIPS
Investor Resource Center
There are some basic things all investors should keep in mind in these rocky financial times. We've rounded up a financial survivor guide to help.
- Warren Buffett's Volatility Strategy
- What Average Investors Need To Know
- Even in Selloffs, You Have Choices
- CNBC Survival Guide: What to Do Now
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