À propos of my last post, another financial giant is biting the dust right now. It is just one more of what will be a long chain of financial collapses.

http://www.forbes.com/feeds/ap/2008/09/12/ap5418019.html

Quote
Shares of Merrill Lynch & Co. declined Friday, as concerns over the fate of the investment bank's rival, Lehman Brothers Holdings Inc., spread to other financial stocks.

Merrill shares tumbled $1.61, or 8.4 percent, to $17.80 in late morning trading, after earlier falling to a 12-year low of $16.90. Shares have traded between $18.50 and $78.66 in the past 12 months.

Lehman's shares have plunged this week, as the No. 4 U.S. investment bank scrambles to find a buyer, or otherwise reassure Wall Street that it's stable.

Reassure Wall Street that it's stable? Ha! Fat chance!
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