The biggest bankruptcy in history was filed yesterday, September 15, 2008. Merrill Lynch narrowly escaped a similar fate by being acquired by the largest banking institution in the country, Bank of America. Merrill, Lehman, AIG, Freddie, Fannie, Bear Sterns, IndyMac and the 10 other banks that went bankrupt (so far) this year continue to do their share of eroding the customers’ and the employees’ confidence. The confidence any organization needs to survive and grow, irrespective of the product and services they offer.”]
Source: https://www.cuinfosecurity.com/blogs/picking-up-pieces-from-bloody-monday-p-76