September has proved to be one of the most gripping months in stock market history.
The drama began when Lehman Brothers was left in the cold by the US government. After refusing to rescue the 158 year old investment bank, the government ordered Wall Street to solve its own problems.
Ten major banks agreed to create an emergency fund of US$70bn to US$100bn to protect them from the chain reaction that was sure to follow from the Lehman failure.
Although the government’s initial message to Wall Street was to clean-up its own mess, the Federal Reserve was forced to step-in and resolve the banking crisis. The Bush administration put forward a US$700bn rescue package to Congress for the troubled financial sector.
The Fed also announced that the last men standing,
This year has already seen the Treasury and Federal Reserve step-in to bring