Nothing like waiting to the last second – Lehman Brothers, at 1:21 AM ET, says that it was unable to find a buyer for the firm and that it intends to file for Chapter 11 bankruptcy.

With this news, which was expected, the sale of Merrill Lynch to Bank of America, and markets are falling around the world in response to the Lehman, as well as a crashing dollar, Monday will be a very interesting day on Wall Street.

Related posts:

1. Breaking News: Bank of America agrees to buy Merrill for $44 Billion
2. Is it bankruptcy for Lehman Brothers?
3. CIT seen filing for bankruptcy in coming days
4. WSJ: CIT to declare bankruptcy Sunday / Monday
5. Investment Services Stocks getting hammered (along with everyone else)