Morning Briefings
Daily Prayer for September 16th, 2008
For all of us left wondering, ‘What now?’ we pray
World stock markets tumble on Lehman bankruptcy filing, Merrill Lynch takeover: The 158-year-old Lehman Brothers Holdings Inc. filed Monday for Chapter 11 bankruptcy. The company was crippled by $60 billion in soured real-estate holdings and unable to find an investment partner to throw it a lifeline…when Bank of America balked at buying Lehman, the government urged it to buy investment bank Merrill Lynch instead.
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