Mostly hogs looking at a broken wristwatch

WASHINGTON (Reuters) - The Federal Reserve Bank of New York held an emergency meeting on Friday evening with top financial market representatives to discuss recent market developments, a Fed official said.

Read.

Followed by this today:

Lehman Bankrupcy: 613 Billion in Debts, mostly owed to banks from Tokyo, Hong Kong, New York, Singapore and Taipei.

Full article.

Ooooha.


Update:

WaMu May Cost Taxpayers $24 Billion If Bailed Out, Bove Says

Financial havoc wallops US dollar and stocks

AIG Seeks $40 Billion Fed Bridge Loan, Times Says

Fed Widens Collateral for Loans to Investment Banks