The latest?
Wall Street awakes to 2 storied firms goneHonestly, it's been less than 30 minutes since I started reading today's news.
By JOE BEL BRUNO, CHRISTOPHER S. RUGABER and MARTIN CRUTSINGER, AP Business Writers
15 Sep 2008
NEW YORK - When Wall Street woke up Monday morning, two more of its storied firms had vanished.
Lehman Brothers, burdened by $60 billion in soured real-estate holdings, said it is filing for Chapter 11 bankruptcy after attempts to rescue the 158-year-old firm failed.
Bank of America Corp. said it is snapping up Merrill Lynch & Co. Inc. in an $50 billion all-stock transaction.
"It's the economy, stupid!" seems better and better every minute!
Stop the madness!!!
No comments:
Post a Comment