Current Temp 39.0 °F
Wind : West at 9.2 MPH (8 KT)
Humidity : 96 %
Pressure : 1003.0 mb
Financial Analyst Honorine Wallack discusses local impact of stock market drop
Honorine Wallack, a financial analyst with RBC Wealth Management, discusses the impact of the current stock market dive as investors
absorb the bankruptcy filing at Lehman Brothers Holdings Inc. and
Merrill Lynch & Co's's forced sale to Bank of America Corp. for $50
billion in stock.
And perhaps most ominously, American International Group Inc. is asking the Federal Reserve for emergency funding.