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  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    On Tuesday, even "good" financials start out looking pretty bad: Goldman Sachs' earnings plunge and AIG scares investors again. But volatility makes the market hard to predict.

  • Citigroup

    CNBC has confirmed that Citigroup has mentioned to Treasury officials a plan to unload some of the government's 34 percent stake in the company, according to people familiar with the matter.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    On Monday, the weekend's turmoil starts taking its toll. Stocks fall sharply Monday on a triptych of Wall Street woe: Lehman Brothers' bankruptcy filing; Merrill Lynch's acquisition by Bank of America; and AIG's unprecedented request for short-term financing from the Federal Reserve.

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    When President Obama travels to Wall Street's Federal Hall on Monday,  where the founders once argued bitterly over how much the government should control the national economy, he is likely to cast himself as a “reluctant shareholder” in America’s biggest industries and financial institutions.

  • The bulging US government debt can turn into an investment opportunity, legendary investor Jim Rogers, chairman of Rogers Holdings, told CNBC Monday.

  • US Debt Clock

    The worst of the economic crisis is not over and a currency crisis can happen this year or the next year, because the problem of too much debt in the system has not been solved, legendary investor Jim Rogers told CNBC Monday.

  • Jim Rogers

    The Federal Reserve and the Treasury Department should have let 10 banks fail, not just Lehman Brothers, for the financial system to clean itself up, legendary investor Jim Rogers told CNBC Monday.

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    Abolish the Federal Reserve and let AIG go bankrupt for the world economy to emerge cleaner from the financial meltdown, legendary investor Jim Rogers told CNBC a year ago.  A year after Lehman Brothers collapsed, here is what Jim Rogers tells CNBC:

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    Hurricane Ike takes a backseat to the the banking storm: BofA pulls out of Lehman to focus on Merrill Lynch. By late Saturday night, a deal has been drafted to acquire Lehman's bad assets and pave the way for an eventual sale of the firm.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    Lehman Brothers, Washington Mutual and AIG all  race against time leading to a weekend of work and worry.

  • Geithner Townhall meeting

    Treasury Secretary Timothy Geithner offered a spirited defense of the government's efforts to forestall another Great Depression but cautioned that the recovery would be slow and painful.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    Uncertainty over guidance from Lehman Brothers casts a pall over the entire banking sector, including Merrill Lynch, Goldman Sachs — and Lehman itself.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    On Sunday, no rest for Wall Street. And the dominos fall. Lehman Brothers files for chapter 11 protection, Merrill Lynch sells itself to Bank of America and AIG prepares for a dramatic decision.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    Lehman Brothers moves closer to taking center stage in the crisis, but storm clouds also build over AIG and Washington Mutual.

  • Taxpayers may not recover all of the bailout money awarded to the auto sector, said Elizabeth Warren, chair of the Congressional Oversight Panel in charge of the Troubled Assets Relief Program [TARP].

  • The dollar will continue to drift but it doesn't face the risk of a free-fall, while healthcare stocks will rebound once the dispute over healthcare reform is settled, Robert Doll, BlackRock vice-chairman, told CNBC Wednesday.

  • On Tuesday, Lehman Brothers starts playing defense. Reports say Lehman management is considering moving up the release of its third-quarter earnings, which had been scheduled for next Thursday. Opinion is split on fannie and Freddie — with on builder calling a bottom.

  • Financial Crisis

    As we approach the anniversary of some of the most cataclysmic failures in our economic history, we appear to be in perhaps no better position to manage the failure of an investment bank, a hedge fund or an insurance company than we were before.

  • Monday sees a dawn for markets...a false dawn. Investors rejoiced that the U.S. Treasury will take over Fannie Mae and Freddie Mac, seeing a sign that housing troubles are over. Stock markets all over the world rocket upward. But not everyone shares the . Lehman Brothers  ends the day down 13 percent. Why?

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    The U.S. markets may be closed Sunday, but that doesn't stop rumblings and news on the financial front. Lehman Brothers officials are hoping to finalize plans to raise capital and sell off bad debts sometime this coming week. And U.S. Treasury officials expect to buy $5 billion of Fannie Mae and Freddie Mac securities within the next month, as part of the takeover of the mortgage finance giants.