The Afternoon Wrap: Monday

Is graffiti even illegal in New York these days? [Dumbo NYC]

American Mortgage files for bankruptcy. Is this just the beginning? [Daily News]

Tishman Speyer and Lehman Brothers’ acquisition of Archstone-Smith delayed. [WSJ]

You never know when you are going to need a few extra bucks while praying. [Time via Consumerist] The Afternoon Wrap: Monday