Experts, Investment giants Merrill and Lehman have gone bankrupt. What prediction can be made on fate of other financial giants on Wall Street and overall impact on US economy ?

Very bad impact on US and whole world financial market. Next in line are WAMU, AIG and CITIGROUP. I can also see more layoffs coming in these company.

Lehman Yes.  Merrill Lynch NO.  Get your facts straight, bro.

 

this is just the beginning of the end on wallstreet.

These are all dirty capitalism.

These institutions didn't want stricter government regulations while they were pocketing tons of money calling it againts free market economy or even worse, socialism. And now that they have gone bankrupt risking thousands of jobs and US economy, they need the government to bail them out. Capitalize on profts and socialize on losses. WOW free market economy.

Let these thieves fall. No government protection.

Socialism: Government does not shares profit with you.

Capitalism: Government shares losses with you

Hard to pick which one is better than the other.

Sidster "Socialism: Government does not shares profit with you."

You must be kidding. In socialism you have things like government housing for poor, free education (school and university), universal health-care, tons and tons of social programs and help to the poor.

Going by your definiton of socialism, US must be the most socialist country in the world. All the tax money (or call it "profits" for the government) is gone in the pockets of the few rich politicians' friends and lobbyists. You think when the CEO's and managers of these investment companies where pocketing millions of money, all the poors where sharing it. Now the poors are going to share these greedy people's bad and risky decision makings and losses in terms of "tax".