Last updated 6:15PM ET
October 18, 2017
WFCR Local Features
WFCR Local Features
Wall Street's Woes Come Home to Western Mass
(2008-09-17)
(wfcr) - It's been quite a few days for Wall Street, and the tumult will likely be felt by many in the region... But a slight sigh of relief was audible when the U.S. Federal Reserve Board last night agreed to provide an 85-billion-dollar bail out for insurance giant AIG. A bit more relief came in with the news that Lehman Bothers -- the 160 year old investment firm which filed bankruptcy over the weekend -- is now being bought by Barclays, the British bank. And still in the mix of seismic market shifts is Bank of America's purchase of Merrill Lynch. So what does all of this mean for you? Robert Nakosteen, an economics professor at UMass Amherst told WFCR's Tina Antolini Wall Street's woes will hit home in a variety of ways... © Copyright 2017, wfcr