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Wall Street took not only a single haymaker, but a combination of hard hits on Sunday as two giant security firms crumbled. Multi-billion dollar companies, Lehman Brothers Holdings Incorporated filed for bankruptcy and Merrill Lynch and Company bought out by Bank of America for fifty billion dollars, caused a nerve-wrecking ordeal for Wall Street, the Treasury Department and investors. The mortgage crisis this country had been facing for the past couple years had been crushing mortgage companies and lenders for quite some time, and unsurprisingly to many for this ultimate day to come. The other concern for the aftershock of the Lehman bankruptcy are the assets of their business being sold at a liquidating price that would further damage Wall Street and would short the companies with loans to Lehman. This would cause investors to worry about the health of other investments. One of few good news is that Lehman and Merrill are not entirely abandoned. The Treasury Department of......

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Approximate Pages: 2 (250 words per double-spaced page)

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