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Camarillo, California
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Lehman Brothers

Wall Street Woes

Posted September 22nd, 2008 by admin

If all the world’s a stage, Monday was a downright tragedy on Wall Street. Not one, but two legends, Merrill Lynch and Lehman Brothers, came crashing down. After no last-minute hero emerged, investment banking firm Lehman Brothers filed for what is currently the largest bankruptcy in American history, with over $600 billion in debts. Merrill Lynch seemed slightly luckier, accepting an all-stock takeover deal from Bank of America. But the future may not be so bright.