Monday, September 15, 2008

 

Wall Street's Morning After

Wall Street awoke to a vastly different world Monday morning after one of its own - Lehman Brothers - filed for bankruptcy in one of the biggest corporate failures in U.S. history.

After making its intentions known just minutes after midnight, the 158-year old investment bank made it official Monday morning, saying it would file for bankruptcy protection under Chapter 11 with the U.S. Bankruptcy Court for the Southern District of New York.

Wall Street's Morning After
Source: CNN Money

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