
The collapse of Lehman Brothers and Bank of America’s takeover of Merrill Lynch mark the latest chapter in the credit crisis, which has already seen the US government bail out mortgage groups Fannie Mae and Freddie Mac.
Published: September 10 2008 13:36 | Last updated: September 15 2008 16:29

The collapse of Lehman Brothers and Bank of America’s takeover of Merrill Lynch mark the latest chapter in the credit crisis, which has already seen the US government bail out mortgage groups Fannie Mae and Freddie Mac.