Turmoil in World Stock Markets
1,714 views · Published 16 September 2008 · 3:03 · Indexed 29 September 2026
Channel: Voice of America · 2008 · News & Politics
Stocks tumbled across the globe Monday as two Wall Street institutions became the latest casualties of the worst housing crisis in decades. Lehman Brothers, once the fourth largest investment bank in the U.S. filed for bankruptcy on Monday. And Merrill Lynch, one of the largest brokerage firms in the world, was forced to sell its assets to deal with mounting losses. Some analysts say it may be the biggest shakeup in financial markets since the Great Depression. VOA's Mil Arcega reports.
