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Wednesday, Sept. 17 - Another free fall
An employee exits the American International Group building in New York on Wednesday after the government bailed out the insurance company.
The Dow dropped 450 points by the end of the day, dragged down by bank stocks in a tail-spin. Despite reporting better-than-expected results, Goldman Sachs shares dipped below $100 a share for the first time since 2005. Morgan Stanley took a tumble as well, as rumors circulated that it would merge with troubled bank Wachovia.
Many Wall Street analysts blamed the stock market's collapses on so-called "naked" short sellers, who short stocks without ever buying the security. Subsequently, the U.S. Securities and Exchange Commission stepped in and banned naked short selling.
NEXT: Thursday, Sept. 18 - The bailout
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Last updated December 26 2008: 9:00 AM ET
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