A Bailout for Lehman? Not Likely 
"The apparent reluctance of either the Treasury or the Fed to go the distance and insure that a deal gets done is why some on Wall Street are beginning to whisper the unthinkable: that Lehman may file for bankruptcy. A filing, of course, could be a real mess for Wall Street, given the tens of billions in short-term loans other banks have extended to Lehman, which are backed by collateral." If that happens, it will take forever and a day for the creditors and the lawyers to sort out that mess. We'll see if some deal emerges over the weekend...
http://www.businessweek.com/bwdaily/dnflash/content/sep2008/db20080912_711352.htm?chan=top news_top news index - temp_news %2B analysis
"The apparent reluctance of either the Treasury or the Fed to go the distance and insure that a deal gets done is why some on Wall Street are beginning to whisper the unthinkable: that Lehman may file for bankruptcy. A filing, of course, could be a real mess for Wall Street, given the tens of billions in short-term loans other banks have extended to Lehman, which are backed by collateral." If that happens, it will take forever and a day for the creditors and the lawyers to sort out that mess. We'll see if some deal emerges over the weekend...
http://www.businessweek.com/bwdaily/dnflash/content/sep2008/db20080912_711352.htm?chan=top news_top news index - temp_news %2B analysis
