By Doug Fehr, CFA, Director of Investment Research, Securities America

Dear Valued Client,

In a turn of events sure to make history, on Sunday, Sept. 14, 2008, Wall Street firm Lehman Brothers filed for bankruptcy protection, while Merrill Lynch agreed to sell itself to Bank of America for approximately $50 billion. Meanwhile, American International Group has sought $40 billion from the Federal Reserve, and other familiar companies are being placed on watch lists.

It may be difficult to find the silver lining in all of this.  Read more…

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To understand what the decision means for plan sponsors and fiduciaries, see the April 10, 2008 Bulletin by Reish Luftman Reicher & Cohen.

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