Lehman Brothers Files Chapter 11 Bankruptcy, Merrill Sold to Bank of Americahttp://www.mortgagenewsdaily.com/09152008_lehman_bankruptcy.aspThe U.S. financial crisis severely deteriorated on Sunday night when one of the world's biggest banks filed for bankruptcy and another was sold to the Bank of America. Lehman Brothers Holdings Inc , founded in 1850, filed for Chapter 11 BankruptcyenCommunityServer 2008 SP2 (Build: 31106.96)