Thursday, September 11, 2008

Lehman Said to Be in Discussions About Potential Sale

"The road goes on forever, and the bailouts never end?" Unbelievable times we live in.

(Bloomberg) Lehman Brothers Holdings Inc. entered into talks with potential buyers of the securities firm after Moody's Investors Service said the company must find a ``stronger financial partner'' and the shares plummeted.

Bankers from other firms are reviewing Lehman's books today, people with knowledge of the situation said, declining to identify the potential acquirers. Mark Lane, a spokesman for Lehman, declined to comment.

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1 comment:

Unknown said...

I didn't realize that Robert Earl Keen was so tuned into financial policy. Maybe he should sing "Dreadful Selfish Crime" in this case. Booyah