Pain Continues on Wall Street as Lehman Goes Bankrupt, and Merrill Sold to BofA

Wall Street had its worst day more than six years after hectic and historic weekend brought the quick demise of two of America's oldest and best-known investment banks. Stocks dropped dramatically -- with the Dow closing down 504.48 points -- after 158-year-old brokerage firm Lehman Brothers filed for bankruptcy this morning and the other Wall Street stalwart, Merrill Lynch, was sold to Bank of America for $50 billion. The Dow's fall of 4.42 percent today was the worst single day for the index...Full Story
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