Lehman , Merrill , AIG : bankruptcy, buyout, government bailout. Goldman Sachs shares slide amid the fear. And Morgan Stanley is desperately seeking a merger. What does it all add up to?
The death of capitalism, says Paul Donovan. The senior international economist at UBS says governments must step in to steer the global financial system -- or the free market as we know it is doomed.
Watch the video for his frightening prediction.
The Panic of '08: