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Reuters: Wall Street shaken by Lehman failure and Merrill sale

Started by dave, September 15, 2008, 08:00:24 AM

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dave

Wall Street shaken by Lehman failure and Merrill sale
      


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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