Big Wall Street firms falter
The downfall of two of the most established firms in the industry signals the most dramatic shift on the financial scene since the Great Depression.
Problems are directly related to the mortgage meltdown and the holding of bad loans.
`Tectonic' Shift on Wall Street as Lehman Fails, Merrill Sold
Bloomberg - 33 minutes ago
By Christine Harper Sept. 15 (Bloomberg) -- In the biggest reshaping of the financial industry since the Great Depression, two of Wall Street's most storied firms, Merrill Lynch & Co.
Video: Lehman Bros. Bankrupt, B of a Buys Merrill Lynch AssociatedPress
Merrill Lynch agrees to $50 billion bid from B of A MarketWatch
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