Merrill Lynch

Credit

Who Needs Regulators: Banks Establish $70 Billion Loan Program to Protect Liquidity

by Joshua Dorkin | September 15, 2008

Update: The Dow ended up closing down 504 points for the day The past 24 hours have been about as chaotic a time as Wall Street has seen since Black Monday or possibly the Great Depression. Here are a few highlights: We’ve seen one of the top investment banks fail to secure a bidder and [...]

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