Put this in the for what its worth file. http://www.nakedcapitalism.com/2008/09/lehman-end-imminent.html
I agree about the 24 to 48 hour part. I doubt Goldman will buy unless there is some sweet deal offered by the treasury or fed.
LEH:Hearing renewed takeover chatter circulating - Goldman again rumored as potential acquirer as was heard late on 9/9 <related: GS > 9/11/2008 10:42:44 AM
I think the GS for LEH rumor makes sense. As potential buyers walk away / stock price remains below $10 / stock price falls / CDS widens, LEH's power to demand a certain price diminishes. So if GS bids a value more than zero, then the likelihood of that bid being accepted increases.
What would prevent GS from going long the market just before their bid of say $6? They would would eventually get 'paid' to take over LEH.
Well, the careers page at Lehman Brothers is alive and well too! http://www.lehman.com/careers/workatlehman/index.htm