The dreamy CEO of Merrill Lynch has been forced out by Bank of America.

The Best Links:

1. John Thain’s Expense Report
2. Thain resigns, effective immediately
3. This $87,000 rug probably didn’t help matters
4. Thain resigns from Bank of America
5. CNBC: Thain will not receive bonus
6. The New Yorker says he deserves it
7. NY Atty Gen freaks out at request
8. Thain’s bonus request to be heard today
9. Hank Paulson is Hot - Featured on BuzzFeed
10. Bank of America’s aquisition deal has already been approved
11. Thain spars with Bank of America board
12. Thain’s Trophy Wife requests $10 million
13. the Decline and Fall of John Thain
14. John Thain continues to be hot

Three huge financial institutions were liquidated and resold over the weekend, and thousands of bank closures are to be expected in the coming months.

The Best Links:

1. Panic Grips Credit Markets - Everyone Run for Cover!
2. James Moore: A Nation of Village Idiots
3. Financial Crisis Should Thrill Obama
4. Financial Chaos Will Change American Finance History
5. Stocks Drop On News Of Lehman Brothers Bankruptcy, Bank Of America’s Merrill Lynch Buyout
6. Wilbur Ross: Thousands of Bank Closures Coming
7. Federal Reserve Board Announces Several Initiatives to Provide Additional Support to Financial Markets
8. Lehman Files for Bankruptcy; Merrill to Be Sold

The U.S. and global markets are reacting to the triple news of Lehman’s bankruptcy, Merrill Lynch’s sale to Bank of America and AIG’s request of a $40 billion bailout from the government.

The Best Links:

1. Just Another Manic Monday
2. Markets Spiral In A Crisis Of Confidence
3. Here We Go: The Mother Of All Mondays
4. Wall Street Will Never Be The Same Again