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  • Stocks fell sharply at the opening bell Monday after a trifecta of Wall Street pain: Lehman Brothers filed for bankruptcy, Merrill Lynch was bought by Bank of America and AIG asked the Fed for short-term financing.

  • The Federal Reserve could make an emergency move and cut the federal funds rate by half a point during trading Monday, investment advisor Marc Faber told CNBC.

  • THE FALL OF LEHMAN BROTHERS - A CNBC SPECIAL REPORT

    Wall Street has fretted that it does not know how to value many derivative assets because they trade so rarely. We are now about to find out, assuming Lehman begins a liquidation of assets.

  • Stocks looked set to plummet Monday after a trifecta of Wall Street pain: Lehman Brothers filed for bankruptcy, Merrill Lynch was bought by Bank of America and AIG asked the Fed for short-term financing.

  • THE FALL OF LEHMAN BROTHERS - A CNBC SPECIAL REPORT

    The financial sector took another hit after Lehman Brothers filed for bankruptcy protection on Sunday and Wall Street scrambled to shore up the system.

  • Asian markets -- the few of them that were opened today -- fell sharply as U.S. investment bank Lehman Brothers filed for bankruptcy, dragging down financials.

  • WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    In an exclusive interview with CNBC.com, Wilbur Ross, chairman and CEO of WL Ross & Co., says he sees possibly as many as a thousand bank closures in the coming months. And this will create opportunities for investors.

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    In the wake of the latest wave of bank failures, the FDIC matters more than ever.

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    The U.S. financial system was badly shaken by the failure of Lehman Brothers, the surprise takeover of Merrill Lynch and big asset sales by AIG.

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    Bank of America said it agreed to buy Merrill Lynch in an all-stock deal worth $50 billion, snagging the world's largest retail brokerage after one of the worst-ever weekends on Wall Street.

  • Vince Farrell

    Some preliminary thoughts on the Lehman/AIG/financial crisis we'll discuss on the show tonight:1) Bear Stearns failed because it didn't have enough liquidity to conduct its daily business. They had more in overnight loans (repos) than they had in cash on hand by about 4 to 1.

  • Investors should prepare for the worst just in case it turns out that Ben Bernanke knows nothing yet again.

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    The Dow closed lower on Friday as investors grew increasingly nervous about the uncertainty around Lehman Brothers.

  • Increasing optimism about loans to the U.S. auto industry helped drive major indexes out of negative territory. General Motors was the top gainer on the  Dow Jones Industrial Average and S&P 500, while Ford was among the top gainers on the Nasdaq.

  • Increasing optimism about loans to the U.S. auto industry helped drive major indexes out of negative territory. General Motors was the top gainer on the  Dow Jones Industrial Average and S&P 500, while Ford was among the top gainers on the Nasdaq.

  • Increasing optimism about loans to the U.S. auto industry helped drive major indexes out of negative territory. General Motors was the top gainer on the  Dow Jones Industrial Average and S&P 500, while Ford was among the top gainers on the Nasdaq.

  • Stocks opened lower Friday amid uncertainty surrounding Lehman Brothers and were dragged down further after the government's reading on retail sales fell well short of its mark.

  • U.S. stock index futures were lower amid uncertainty surrounding Lehman Brothers and were dragged down further after the government's reading on retail sales fell well short of its mark.

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    Lehman Brothers, which is actively shopping the entire firm, is unlikely to remain independent much longer.

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    After hours, published reports suggested that the government could be engineering a takeover of Lehman Brothers...