Wall Street has been buffeted this week by the bankruptcy of financial giant Lehman Brothers and the takeover of Merrill Lynch by Bank of America. Meanwhile, a deal to bail out the teetering AIG insurance company could be imminent. We discuss the economic fallout, and what it may mean for all of us.
Guests:
John B. Taylor, professor of economics at Stanford, senior fellow at the Hoover Institution and author of "Global Financial Warriors"
Richard Lyons, dean of the Walter Haas School of Business at UC Berkeley
Mark Calvey, senior reporter covering banking and finance for the San Francisco Business Times
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