liquidity crisis

Oct. 4 (Bloomberg) -- Lehman Brothers Holdings Inc.'s main lender and clearing agent, JPMorgan Chase & Co., caused the liquidity crisis that led to Lehman's collapse, creditors said.

Analysts at JPMorgan painted a bleak picture for Detroit's automakers Thursday, suggesting General Motors Corp. might need to raise $10 billion, Ford Motor Co. could be forced to sell Volvo and Chrysler LLC may have few if any options by late next year.

Sighs of Relief Here's a link to listen to an Audio Version of the report: The bottom line to yesterday's pyrotechnics was that traders appeared to breathe a collective sigh of relief.

Bear Stearns (NYSE: BSC) 87% LOWER; Sold for $2 per share in a fire sale to JPMorgan (NYSE: JPM) after a severe liquidity crisis.

MF Global (NYSE: MF) 72.9% LOWER; under heavy pressure today on rumors clients are pulling their money due to concerns about the company's financial stability.

The entire financial sector is absolutely tumbling today as the Bear Stearns' liquidity crisis is spilling over even more within the entire sector.

StreetInsider.com Pre-Open Movers: Bear Stearns (NYSE: BSC) 89% LOWER; Sold for $2 per share in a fire sale to JPMorgan (NYSE: JPM) after a severe liquidity crisis.

Cardiome Pharma (Nasdaq: CRME) 33% HIGHER; announced positive interim clinical results from its 90-day Phase 2b study of vernakalant (oral).

The interim analysis demonstrated statistically significant efficacy for the patient group receiving 500mg b.i.d. of vernakalant (oral) as compared to placebo.

Lehman Brothers (NYSE: LEH) 32% LOWER; Bear Stearns sold for $2 per share in a fire sale to JPMorgan after a severe liquidity crisis.

Stocks plunged early Friday as investors worried that a plan to ease a liquidity crisis at Bear Stearns Cos. indicates how severe credit troubles have become.

Each of the major indexes lost more than 1 percent; the Dow Jones industrials fell about 140 points.

Stocks fell Friday but pulled off their lows as investors digested a plan to alleviate a liquidity crisis at Bear Stearns Cos. that has touched off concerns about the severity of credit troubles.

Each of the major indexes lost more than 1 percent; the Dow Jones industrial average gave up about 150 points.