Following weeks of bad news from the American financial sector, stock markets all across Asia have taken their steepest tumble yet, following confirmation that Lehman Brothers will file for bankruptcy and Merrill Lynch's acquisition by Bank of America at a fire sale price.
Our Taiwan Stock Exchange saw prices fall more than 4 percent amid worries the U.S. economy might be headed for a meltdown. The same trend was repeated across the region, with shares closing down sharply in South Korea, Japan, Hong Kong, Shanghai and the Philippines.
Whenever the United States seems to have turned the corner, yet another financial crisis breaks out. Just a week ago, the U.S. government finally decided it would bail out Fannie Mae and Freddie Mac. And in March of this year, the U.S. government helped organize the sale of Bear Stearns to J.P. Morgan Chase and Company. But this time around, the U.S. government is not playing the role of big spender, choosing instead to let dominos fall where they may.
每當美國看似已成功化解危機時，另一個金融風暴又隨之爆發。就在不到一星期前，美... Mae）及「美國聯邦住宅貸款抵押公司」（Freddie Mac）的紓困。今年三月，美國政府部門(聯準會)才介入促成摩根大通(JP Morgan Chase & Co. (JPM-US)收購貝爾斯登(The Bear Stearns Companies, Inc.(BSC-US)案。反觀此時，美國政府決定不再當花大錢的凱子，選擇讓骨牌...
As a result, the once-powerful financial giant Lehman Brothers has filed for Chapter 11 bankruptcy with a court in New York. Certainly there are enough critics out there with something to say about the sorry state of the financial sector in the United States.
me myself & internet