It's a Market of Money, Not a Money Market
Posted on September 17, 2008 at 09:50 AM EDT
Minyanville prides itself on delivering the financial news you need to know before you know you need it.Entering September we offered that this would be a month to remember and one that would define the financial landscape into year-end and beyond.Halfway through the month we’ve seen the nationalization of Fannie Mae (FNM) Freddie Mac (FRE) and AIG (AIG) the bankruptcy of Lehman Brothers (LEH) and a forced union between Bank America (BAC) and Merrill Lynch (MER).It is in a word surreal.While all eyes focused on the seismic shift in the financial landscape—and more importantly the massive attempt to contain the derivative ...