Turmoil in the international markets

Lehman brothers, filed for Chapter 11 Bankruptcy today. Merill Lynch was sold off to Bank of America for $50 bn. The two towering giants of wall street that have, between the two of them, a history of 250 years on the wall street, were not present when the markets opened today morning.  Wall Street will never be the same again. AIG, the largest american insurance company is also in trouble.