Lehman Brothers and AIG Building Exit Signs

In the few last weeks the recent turmoil in the credit markets has consumed Lehman Brothers, Merrill Lynch and possibly AIG. These companies may soon face the same fate as Countrywide Financial and Indymac Bank Corp in the next coming days. While interest rates remain at 2% the Federal Reserve meets today to decide if they will cut rates once again to add more liquidity in the banking system. Some on Wall Street believe the Fed should step in and bail out AIG, like Bear Sterns and Fannie and Freddie. Others feel a Fed bailout is not the way a free markets functions efficiently. Clearly the Exit Signs were when the first wave of sub prime mortgages began defaulting last year. Whats going to happen with all the exit signs in the buildings? What will the unemployment numbers in the aftermath. Companies, individuals will not be immune to this credit crisis. Stay tuned.