Lehman Brothers Files for Chapter 11 Bankruptcy

Unless you've been hiding under a rock this weekend, I'm sure you've heard talks about the financial distress that securities firm, Lehman Brothers, was under. Early this morning, Lehman had to file for chapter 11 bankruptcy after desperate attempts to save the financial conglomerate all weekend. According to several reports, this is the biggest bankruptcy scandal in history. This affects me personally since I have several friends who found themselves packing up their cubes/offices first thing this morning. (its really a shame...)
Wall Street as we know it will never be the same. This is a hot story with hundreds of articles circulating around. Click here to read the entire story from CNN Money.