"With the Fed now saddled with billions of dollars in loans and collateral from troubled financial institutions, the Treasury said it would issue $40 billion in new government bonds to help the central bank.
Severe stress showed in all sectors of the global financial system. The cost of insuring corporate bonds spiraled higher, particularly for Morgan Stanley and Goldman Sachs, venerable investment banks that are commonly considered among Wall Street’s strongest brands."
http://www.nytimes.com/2008/09/18/business/18markets.html?hp
War games, champagne and frantic efforts to save HBOS: PM and Bank of England intervene to head off another banking debacle
http://www.guardian.co.uk/business/2008/sep/18/hbosbusiness.lloydstsbgroup2