Lehman Brothers Files For Bankruptcy
Wall Street is facing a complete restructuring.
The investment bank Lehman Brothers filed for bankruptcy today after failing to find a buyer over the weekend. Bank of America bought Merrill Lynch instead, saving the firm from collapse.
Plus, AIG — one of the world's largest insurance companies — saw its stock price drop 50 percent.
Marcus Mabry, international business editor for the New York Times, explains.
