Tuesday, September 16, 2008

New York Governor: Wall Street may Layoff 30,000 People

David PatersonOn Monday, New York Governor David Paterson said the Wall Street may layoff 30,000 people in the worst situation.

Paterson made the above remarks to respond to the bankruptcy of Lehman Brothers and Bank of America acquisition of Merrill Lynch last week. He also announced a plan to help the American International Group (AIG) in a conference.

Paterson said it would not put the taxpayers' money at risk. But in addition to AIG, there is no other company had request for assistance to the state government.

Originally Posted: China Business Daily
Author: Angulo Fu