Wall Street to enter the week in a strange place
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Whipsaw losses and gains may continue as markets digest possible bailout
The Dow Jones industrial average may be almost exactly where it was a week ago, but Wall Street is a completely different place.
In a matter of days, Lehman Brothers Holdings Inc. went into bankruptcy, Merrill Lynch & Co. was snapped up by Bank of America Corp. and the insurer American International Group Inc. was bailed out by the government. One big mutual fund broke the buck, and another was shut down.
And now, the government is planning to assume banks' risky assets.
The Dow Jones industrial average may be almost exactly where it was a week ago, but Wall Street is a completely different place.
In a matter of days, Lehman Brothers Holdings Inc. went into bankruptcy, Merrill Lynch & Co. was snapped up by Bank of America Corp. and the insurer American International Group Inc. was bailed out by the government. One big mutual fund broke the buck, and another was shut down.
And now, the government is planning to assume banks' risky assets.
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