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The headline from CNBC: Lehman Unlikely to Remain Independent Much Longer. The headline from Washington Post: U.S. Government to Assist in Sale of Lehman Brothers ("Treasury Department and Federal Reserve to help investment bank put itself up for sale. Sources familiar with matter say purchase is expected to be announced this weekend."). Subheadline from the Wall Street Journal: Bank of America is Among Interested But Seeks Assurances. Lehman's shares dropped 45% in today's trading.
Lehman Looks for a Buyer, Feds Helping
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I'm waiting for Lehman's shares to come free ..along with the sailor's whistle at the bottom of a Crackerjack box.
Those whistles are useful.
And in the meantime, rents in NY are still getting higher and higher...