Biggest Bankruptcy Ever

Posted By: Dr. Frugal in Economics on 09/15/2008 at 07:20:38

And I thought I was having a rough morning. Wall Street is absolutely taking on the news of Lehman Brothers' bankruptcy. At well over 600 billion dollars, it's the largest bankruptcy ever.

Bank of America is about to buy Merrill Lynch too. This is why I'm not the president of BoA--I would not think this is a great idea. Somehow my company has weathered the storm for the most part and I'm aware it's a buyers market but I think this is just inviting disaster. Well, more disaster.

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