The bloodbath on Wall Street
Posted in General rants on Sep 15th, 2008 Comments Off on The bloodbath on Wall Street
This morning, Lehman Brothers, one of the largest and most prestigious investment banks in the world, announced that it has filed for Chapter 11 bankruptcy. Last night, Bank of America announced that it has reached a deal to acquire Merrill Lynch for $50 billion. As expected, the markets around the world reacted violently this morning. […]