In Frantic Day, Wall Street Banks Teeter »

Posted By dstern1 1 year, 2 months ago in News
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In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis while another prominent securities firm, Lehman Brothers, hurtled toward liquidation after it failed to find a buyer, people briefed on the deals said.

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    dstern11 year, 2 months ago

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    I wonder what happens to the mortgages Lehman holds?

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