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ft.com: “Wall Street in turmoil”

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According to the FT: Wall Street was in turmoil on Monday as Merrill Lynch found shelter in a $50bn takeover by Bank of America and Lehman Brothers said it would file for bankruptcy protection.  Now we get to find out what happens when the public is not forced to support a major financial institution. And what of competition among investment banks? Hold tight. read more | digg story

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