What’s happening?

Lehman Brothers files for Chapter 11? Merrill Lynch will be bought by Bank of America for US$50 billion? Stock markets worldwide fall as investors and brokers nervously tried to hold everything together after the news from Wallstreet. Why’d the government declined to float Lehman Brothers but agreed to do it last week for Fannie Mae and Freddie Mac?

More stories here:
Guardian

Telegraph

Telegraph

Times Online

and many more. Just do a Google News search for Lehman Brothers and you’ll get a whole barrage of news stories on what happened at Wallstreet yesterday.

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