[ Reuters: Top News] Wall Street shaken by Lehman failure and Merrill sale
Posted: Mon Sep 15, 2008 1:30 am
NEW YORK (Reuters) - The ruptured U.S. financial system faces an unprecedented shakeup with Lehman Brothers set to file for bankruptcy, Bank of America buying Merrill Lynch, and the Federal Reserve saying for the first time it will accept stocks in exchange for cash loans.
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