The employees are being let into Lehmann Brothers HQ in New York City tonight, in preparation for tomorrow when that old Wall Street firm will file for bankruptcy.

Bank of America will buy Merrill Lynch for about 29 dollars a share.

The Federal government has announced that it will not bail out any more banks or brokerage firms. That is good, because Fannie Mae and Freddie Mac was enough, and probably too much.

The latter two quasi-private mortgage banks received the largess of the taxpayers in excess of 200 billion dollars!

All the prognosticators say there will be many more bank failures and probably a few insurance companies and brokerage/investment banks, too.

The Dow Futures are at about minus 280. That is the overnight "guess" at where the market will open tomorrow morning. I have never, ever seen the Dow futures figure that low!

This is really scary.

Tomorrow could be a new Black Monday.

Pray for the country. And vote in a new President in November! The fools now in power have ruined it.

Their entire program has been nothing more than to reward their wealthy backers.