state help: When Wall Street woke up Monday morning, two more of its storied firms had fallen. - Help.com

When Wall Street woke up Monday morning, two more of its storied firms had fallen.

Lehman Brothers, burdened by $60 billion in soured real-estate holdings, filed a Chapter 11 bankruptcy petition in U.S. Bankruptcy Court after attempts to rescue the 158-year-old firm failed. Bank of America Corp. said it is snapping up Merrill Lynch & Co. Inc. in a $50 billion all-stock transaction.

What does this mean for the United States of America and its people?!

This open post was written 1 year, 2 months ago | V/U/S: 195, 7, 4 | Edit Post | Leave a reply | Subscribe to Replies | Report Post


Reciprocity (2) Many thank yous! The poster has helped others since their own post was made.

Since writing this post okei! has helped in 2 other users' posts within the last 4 days. okei! is a verified member, has been around for 1 year, 6 months and has 208 posts and 4,643 replies to their name.

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united states, state, bank, Street, Wall Street, stock, Merrill Lynch, bankruptcy, court, Old Firm (Edit Tags) (How Tags Affect Reciprocity)

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okei! offline Verified User (1 year, 6 months) Long Term User Shouts: 111 Add Friend #
An Undisclosed Location | 1 year, 2 months ago (10 minutes after post)

empowering its people, am i right?

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Help me with: w/c is harder, to learn to love someone u don’t love or to wait 4 d one u love, hoping someday he’ll love u back?
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dragonvampry offline Verified User (1 year, 2 months) Long Term User Shouts: 6 Add Friend #
An Unknown Location | 1 year, 2 months ago (1 day, 3 hours after post)

And it’s not over yet, AIG is getting a loan from the gov’t to keep itself from collapsing as well. The stock market took a MAJOR dive and effected people’s retirements (my 401K lost 129$ yesterday alone :{ ) Plus the supposed Home Laws that are gonna pass Oct. 1st, which really isn’t going to help 80% of the people who really need the help to keep their homes.

I don’t think we’ve seen the worst of things yet. As the American eco fails, so will other countries that are tied/relied on us. And it’s the beginning of the “shopping” season. Things will continue to go down for a bit, it’s not over yet.

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Help me with: i’m sick of everything and old man’s ranting sound good
creasyli offline Unverified User #
An Unknown Location | 1 year, 2 months ago (2 days, 19 hours after post)

True true.

The markets are crumbling.
Now that the shopping season is around the corner, the retail indusrty will be effected big time. It looks like Santa won’t be stopping here this year.

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