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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.

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