3 Down and How Many to Go?

Well, it looks as though Lehman Brothers is finished. On top of that, Merrill Lynch has just been acquired by Bank of America (who passed on Lehman). Add this to the Bear Stearns takeover, and thats 3 HUGE Wall Street banks to go under since the spring. Again, add that to the Fannie/Freddie Federal takeover ...

Things are not good.