Major Institutions’ Woes Drag Down Financials ETFs
September 15, 2008 at 13:00 PM EDT
The Dow Jones Industrial Average and a whole slew of exchange traded funds (ETFs) are trading sharply lower this morning as a tsunami of trouble hit several large financial firms. Lehman Brothers Holdings (LEH) filed for bankruptcy protection, Merrill Lynch (MER) was forced to sell to Bank of America (BAC) for $50 billion in stock, reports [...]