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09/15/08: IYC The Financial Crisis

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Wall Street was shaken when Lehman Brothers filed for bankruptcy and Merrill Lynch & Co. Inc. was bought up by Bank of America Corp. through stocks. Apparently, the credit crisis is to blame for the collapse of these Wall Street institutions. How will this impact the regular person, if at all? Are you affected if you just keep money in the bank? What will all of these layoffs do to the already sagging economy? And, with only two big names left on Wall Street, whats it mean for Americas future?

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