After 504 point drop, what lies ahead for Wall Street?

Tuesday, September 16, 2008

The Dow dropped 504 points yesterday in reaction to Lehman Brothers' bankruptcy and Bank of America's purchase of Merrill Lynch. Additional losses are expected for financial firms and a slowing economy could also put new stresses on car and credit card lenders, increasing defaults.
Guest: Floyd Norris, chief financial correspondent for The New York Times

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