WASHINGTON, Sept. 16 (UPI) -- Turmoil in the financial markets Tuesday overshadowed the U.S. Federal Reserve Bank's regularly scheduled meeting following Monday's market shifts.
Stocks tumbled Monday after Lehman Brothers declared bankruptcy, Merrill Lynch was rescued by Bank of America in a $50 purchase and the country's largest insurance company, American International Group, found solace when New York regulators allowed it to tap $20 billion of its own restricted, subsidiary resources.