Washington Post reporting that treasury and the fed are engineering a sale of Lehman Brothers. The deal will be wrapped up, whatever it is, by the Asian opening Sunday night.
So soon the "Lehman has been selling" mantra that we've seen posted here and on the comments board will be tested once and for all.
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3 comments:
another fun freddie weekend full of government hand outs.bail outs and screw ups.
for those who hold leh over the weekend, the price on monday will be 1.00
If the MLPs keep going like this, I am going to need a govt bailout also.
Mr. Pipes
I wonder if there will be a new definition of "Moral Hazard"?
We elect politicians who do stupid things, like the GSE structurce that morphed into lobbing money to benefited incumbents, and the taxpayers get stuck with the bill.
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