Another Two bite the Dust

As I commented on Saturday, Lehman is done and now apparently, so is Merrill Lynch. Certainly this has been one of the most dramatic weekends in Wall Street history. Whether or not as this article says it is a "good deal" for Bank of America to buy Merrill remains to be seen. I suspect that this will not end the crisis—despite the hopeful longing of the Fed—it is just another leg down in unwinding the mess that Alan Greenspan created.