"One Step From Meltdown..."
Ten banks -- Bank of America, Barclays, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Merrill Lynch, Morgan Stanley and UBS -- each agreed to provide $7 billion "to help enhance liquidity and mitigate the unprecedented volatility and other challenges affecting global equity and debt markets."
Read more about this huge $70 billion bailout
also see:
Bank of America says it will buy Merrill Lynch for $50 billion
