Frugal habits will ease impact of banking crisis
The economy of the United States took a stunning body blow Monday when storied Wall Street firms Lehman Brothers and Merrill Lynch both failed in different ways — Lehman Brothers Holding Inc. was forced to file Chapter 11 bankruptcy and Merrill Lynch & Co. sold itself for pennies on the dollar to Bank of America Corp. — even as American International Group Inc. and Washington Mutual teetered on the brink of collapse.