After we witnessed the rescue of mortgage couple Freddie Mac and Fannie Mae from the burning marketplace, this week we've seen the demise of the one-and-a-half century old Lehman Brothers investment house, the entry of Bank of America to Merrill Lynch's red hot premises via US$50-billion take-over payment, and the world's largest insurer AIG's US$40-billion dollar restructuring plea to the already Fed up agency.
All of them are victims of a lone market arsonist, known as Mr. Subprime.
Thus, Fireman Ben and his Fed department are now working double time to extinguish the market wildfire and prevent it from further spreading, lest it might reach White House and cause never-before-seen worldwide chaos and panic.
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