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The Wall Street Meltdown
I'm not surprised that Lehman Brothers went into bankruptcy. But Merrill Lynch worried enough to sell itself to Bank of America? That's a stunning development.
AIG is an extremely complicated, global insurance company with a large presence in Asia. Technically, its regulated by the states, but the Feds are deeply involved this time around.
Who's next?
About the author
Christopher Farrell is economics editor of Marketplace Money, a nationally syndicated one-hour weekly personal finance show produced by American Public Media.
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