So...Merrill (MER) sells to Bank of America (BAC), most likely to avoid bankruptcy, Lehman (LEH) files for bankruptcy, Bear Stearns (BSC) sells to JP Morgan (JPM), again most likely to avoid bankruptcy. Major financial institutions — once revered as the "crown jewels" of the financial community — are failing. And all I can think is...
Are you kidding me?!?
Aren't these supposed to be the greatest financial minds and businesses in the world?
