My Way News - A tumultuous week ends with Wall Street remade
AP reports: "As the closing bell sounded at the New York Stock Exchange, traders could finally pause and reflect on a week of operatic reversals of fortune and federal intervention that remade Wall Street itself. Among the highlights: The Treasury extended an $85 billion loan to insurer American International Group. The government prepared to take over untold billions in toxic mortgage assets and placed a $50 billion safety net under money market funds. Regulators banned some short-selling. Of the five major U.S. investment houses in existence at the start of the year, two remained intact and independent."