My husbands company is a subsidiary of AIG which closed down 60.8% (compared to the Dow at down 4.4%) at $4.76 per share. The 52 week high for AIG is $70.13. Lehman Brothers (the 4th largest investment bank in the country) filed for Chapter 11. Husband is in NY this week and said that he walked by the Lehman building and former employees were piling out of the building with boxes filled with personal belongings. Merrill Lynch was bought out by Bank of America. What a day.
Please keep all of these families in your prayers (including ours - we are hoping his fund gets bought out of AIG because the future of AIG isn't pretty).