Lehman to be sold by the government.....

WSJ broke a story BAC was the buyer 5 minutes before the close.

 

I stand corrected. Aaron C it was.

 

what do you guys think here
i grabbed a handful at 3.07

 

Another day another bailout, wow, who would have thought, many thought it was over after the BSC bailout, nope, FNM, FRE and now LEH. The list just gets longer and longer. Whos next on the list.

 

Landis your wacko! get with the program

 

MER,WM,WAC. Can you belive this. Look at this headline, this was the reason for the 100 point dow rally in the last 3 minutes.

 

I wouldn't go near LEH. This smells like Bear. Any large bank picking this up will insist on an incredible discount ... like $1 ... or they will walk.

Bullish for Financials. Again, remember Bear.

 

Wags,

Can you give me a briefing on this news? Your take?

Thx

 

Yeh....they got $10 per share! Leh at 3.5....you do the math!

 

LEH has heavy employee ownership. Hard to see them selling for $1. Otherwise, wouldn't they rather just take their chances in BK if they had to (while stalling for as much time as they could)?. Something like $5 would make sense to me (I'm short Sept 2.50 puts, so I'm betting it's something higher than $2).