Tag Archives: Merrill Lynch

Wall Street Melts Down

Lehman Brothers, bankrupt. Merrill Lynch, sold. AIG, “days to survive.” In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself on Sunday to Bank of America for roughly $50 billion to avert a deepening financial crisis, while another prominent securities firm, Lehman Brothers, filed for bankruptcy protection and hurtled toward liquidation after it ...

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