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Lehman, Merrill Latest Dominoes In Financial Crisis

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Markets have tumbled after the investment bank Lehman Brothers filed for bankruptcy, and the brokerage firm Merrill Lynch agreed to be bought by Bank of America. Financial experts explain what's happening on Wall Street today and discuss the larger picture for the U.S. economy.

Guests:

Dean Foust, Atlanta bureau chief for Business Week

Mark Zandi, chief economist of Moody's Economy.com

Copyright 2023 NPR. To see more, visit https://www.npr.org.