浴血华尔街（Bloody Wall Street）.doc

浴血华尔街（Bloody Wall Street） After Lehman announced bankruptcy and Merrill Lynch was bought by Bank of America, Wall Street now has two big investment banks, Morgan Stanley and Goldman sachs. Bank of America CEO, Kenneth, #8226, Lewis told CNBC that the two investment banks may not be able to sustain the last two years. Explosion The global financial market is worsening, extending the 14 month long subprime crisis with the latest victims. Lehman bankruptcy ? Merrill Lynch sold ? AIG rescued In September 15th, the Lehman brothers, the fourth largest investment bank in the United States, filed for bankruptcy protection after the Bank of America and Barclays PLC abandoned their takeover. According to data, Lehman has $639 billion in assets, so it will be the largest bankruptcy in the history of the United states. And it filed for bankruptcy protection in the business, not including other U.S. subsidiary, affiliate Lehman, and all of its brokerage and investment management services subsidiary. At the same time, Merrill Lynch, the worlds largest securities dealer, also suffered from the credit crunch, agreed to allow the Bank of America to make a full acquisition of $50 billion. On the evening of September 16th, the United States government spent $85 billion to save the worlds largest insurance company AIG International Group (AIG), and won 79.9% of the equity interest in the stock market, so as to avoid the collapse of the company, a serious impact on the global financial market. In September 17th, Barclays PLC announced a $1 billion 750 million acquisition of Lehman brothers, the North American investment bank and capital markets. The statement also revealed that Barclays will acquire about 10 thousand employees in the Lehman division. If Barclayss acquisition of Lehman assets was not completed before September 24th, it could be terminated. Lehmans bankruptcy is the worst case, the impact is less than the two rooms and Bell Sten, but the global stock market in September