TITLE

WALL STREET BLUES

PUB. DATE
October 2008
SOURCE
Current Events;10/6/2008, Vol. 108 Issue 5, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the financial crises in the U.S. It mentions that after the announcement of Lehman Brothers Holdings Inc. of its bankruptcy because of bad loans in September 15, 2008, the U.S. stock market fell 504 points that day as investors began pulling out their money. The U.S. Treasury Secretary Henry Paulson proposed a $700 billion bailout of U.S. banks and other struggling financial institutions.
ACCESSION #
34943645

 

Related Articles

  • Documenting Lehman's collapse.  // Asian Investor;Oct2008, p4 

    The article offers information on the collapse of Lehman Brothers Holdings Inc. in the U.S. It states that on September 15, 2008, Lehman declared the biggest bankruptcy in the country's history, after Korea Development Bank declined to buy it. It adds that in September 20, Senator Henry Paulson...

  • A Turkey Roast. Sloan, Allan; Burke, Doris // Fortune;12/8/2008, Vol. 158 Issue 11, p16 

    The author discusses notable business failures and investment mistakes that were made in 2008. The bankruptcy of Lehman Brothers was probably the biggest mistake in 2008, causing massive financial failures throughout the stock market. When Microsoft Corp. bid 60% over the market price in a...

  • Fast Action Will Prevent Disaster. Takenaka, Heizo // Newsweek (Pacific Edition);9/29/2008 (Pacific Edition), Vol. 152 Issue 13, p25 

    The author presents his views about the response of the U.S. government to the 2008 financial crisis. Secretary of the U.S. Treasury Henry Paulson is defended for his choice to support American International Group and not Lehman Brothers Holdings Inc. The situation in the U.S. is compared to an...

  • PAULSON'S COMPLAINT. Thomas, Evan; Hirsh, Michael; Smalley, Suzanne; Philips, Matthew; Summers, Nick // Newsweek;5/25/2009, Vol. 153 Issue 21, p52 

    This article examines criticisms against former U.S. Secretary of the Treasury Hank Paulson. Paulson allowed the financial services company Lehman Brothers to declare bankruptcy in September, 2008, which some critics believe instigated the global financial crisis. Paulson's antagonistic...

  • Fast Action Will Prevent Disaster. Takenaka, Heizo // Newsweek (Atlantic Edition);9/29/2008 (Atlantic Edition), Vol. 152 Issue 14, p36 

    The author presents his views about the response of the U.S. government to the 2008 financial crisis. Secretary of the U.S. Treasury Henry Paulson is defended for his choice to support American International Group and not Lehman Brothers Holdings Inc. The situation in the U.S. is compared to an...

  • Life Without Credit. Powell, Bill; Florin, Hector; Kloberdanz, Kristin; Kukis, Mark; Morrissey, Siobhan // Time International (Atlantic Edition);11/3/2008, Vol. 172 Issue 18, p34 

    The article focuses on how leverage--the relationship between debt and wealth--has influenced the U.S. economy and how the 2008 financial crisis has affected that relationship. The author describes the de-leveraging effect in the U.S. financial sector and notes the effects on business and...

  • Life Without Credit. Powell, Bill; Florin, Hector; Kloberdanz, Kristin; Kukis, Mark; Morrissey, Siobhan // Time;11/3/2008, Vol. 172 Issue 18, p54 

    The article focuses on how leverage--the relationship between debt and wealth--has influenced the U.S. economy and how the 2008 financial crisis has affected that relationship. The author describes the de-leveraging effect in the U.S. financial sector and notes the effects on business and...

  • Life Without Credit. Powell, Bill; Florin, Hector; Kloberdanz, Kristin; Kukis, Mark; Morrissey, Siobhan // Time International (South Pacific Edition);11/3/2008, Issue 43, p34 

    The article focuses on how leverage--the relationship between debt and wealth--has influenced the U.S. economy and how the 2008 financial crisis has affected that relationship. The author describes the de-leveraging effect in the U.S. financial sector and notes the effects on business and...

  • FROM THE WIRE.  // Las Vegas Business Press (10712186);4/7/2008, Vol. 25 Issue 14, p19 

    This section offers news briefs on business and the U.S. An overhaul of U.S. financial regulation has been proposed by U.S. Treasury Secretary Henry Paulson. Meanwhile, the U.S. stock market has made a strong start in the second quarter of 2008 after Lehman Bros. Holdings and UBS AG announced...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics