LEH is still falling. Something else stinks. Even with rumours of a fed bailout and the big write down of their CDOs, how could the stock still be falling. It's backed by the Fed more or less.
The SEC IG is investigating the SEC on how they did (not) investigate the shorts. That's public information.
It is not backed by the Fed. The window has closed with Bear. What's your factual support for this statement?
I think LEH is in a lot of trouble. I donât see why a bigger broker or bank would buy them either. Would the fed let them go belly up?