As one investment bank after another falls prey to the expanding crisis in the credit and mortgage markets, accounting regulators are trying to get a handle on the mess.
The Lehman Brothers bankruptcy and the sale of Merrill Lynch to Bank of America, following on the heels of the government takeover of Fannie Mae and Freddie Mac, have given Wall Street the jitters and sent the Dow plummeting 504.48 points on Monday, only to bounce back 141.51 points on Tuesday. But investors are still worried about some other dominoes in the financial system tumbling, especially insurer AIG, which now has received an $85 billion loan from the federal government.
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