The Financial Crisis: This Day—One Year Ago, Sept. 17, 2008
Pimco's Mohamed El-Erian offers his insight into AIG and the financials.
AIG makes a deal with the Fed for loans up to $85 billion in exchange for a 79.9 percent stake in the insurer. Barclays buys several Lehman businesses for $1.75 billion. WaMu is for sale. And the SEC announces rules against naked short selling.