There are so many failures, mergers, sales going on, we're going to update them here.

Latest on the chopping block appears to be Morgan Stanley is considering a merger with Wachovia. I don't think this news is so bad, it appears they are simply trying to cover the possibility of a collapse, although it appears Wachovia would honor $494M of Lehman credits in it's Money market funds.

Morgan Stanley goes to China. Guess what they are doing, begging for funds.

hedge funds maybe next according to this article.