Sunday, September 14, 2008

Bankrupt by midnight

Wall Street Prepares for Potential Lehman Bankruptcy (Update1)

Sept. 14 (Bloomberg) -- Wall Street prepared for a potential Lehman Brothers Holdings Inc. bankruptcy after Barclays Plc said it pulled out of talks to buy the firm and the government indicated it wouldn't provide funds in a resolution.

Posted by sold out @ 09:04 PM (782 views)
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5 thoughts on “Bankrupt by midnight

  • Bank of America have just walked away too

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  • This is going to have a massive knock effect. Merrill Lynch and AIG maybe next. Which is rather pleasing as they both are ex-customers of mine.

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  • little professor says:

    Nice find Paul!

    If the government had stepped in to tax some of the excess profits from these pigs when they had their snouts in the trough, there would have been an outcry. But now taxpayers are expected to fund a bailout for them. Let ’em rot.

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  • Letsgetreadytotumble says:

    If Lehman Brothers go down, I wonder if our stock exchange will develop another mystery fault tomorrow with all trading ceasing, like it did last week.

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