Lehman Brothers, Merrill Lynch & Co. and AIG Government intervention during the subprime mortgage crisis

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lehman brothers , merrill lynch

on september 15, 2008, day has been dubbed meltdown monday news outlets, 94-year-old merrill lynch agreed acquired bank of america $50 billion. on day lehman brothers, facing refusal federal government bail out, filed chapter 11 bankruptcy protection.



treasury secretary hank paulson cited moral hazard reason not bailing out lehman brothers.

american international group

meanwhile, goldman sachs , jp morgan chase tried failed raise $70 billion lend aig. 1 day later, federal reserve bank of new york found forced bail out insurance giant aig providing emergency credit liquidity facility of $85 billion, repaid selling off assets of company. after concluding disorderly failure of aig worsen current financial , economic crisis,


and @ request of aig, federal reserve bank of new york intervened, after aig had demonstrated not obtain financing source. federal reserve required 79.9 percent equity stake fee service , compensate risk of loan aig.








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