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Investor1's picture

Barclays may bid for Lehman in a last minute rescue effort

by Investor1 (Senior Monkey, 87 Banana Points Points) on 9/14/08 at 5:20pm

http://bloomberg.com/apps/news?pid=20601087&sid=aa2xjRZmqdpI&refer=home

It looks as if Barclays may bid for Lehman after it originally turned its back on the failing bank earlier today.

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Devils Advocate's picture

For everyone's sake pray to

by Devils Advocate (Orangutan, 325 Banana Points Points) on 9/14/08 at 5:42pm

For everyone's sake pray to God this is the case or else tomorrow is going to look like the Financial Armageddon

Roundabout's picture

That's an old article,

by Roundabout (Senior Chimp, 19 Banana Points Points) on 9/14/08 at 5:26pm

Sorry to burst your bubble guys, but that's an old article, published before Barclays pulled out of the deal.

Judgement day is upon us.

sol's picture

----

by sol (Orangutan, 280 Banana Points Points) on 9/14/08 at 5:33pm

article also says Paulson is "reluctant' to use Fed Funds.
that's a different take--

Doubtful by maybe, just
maybe Paulson will blink.

Investor1's picture

Paulson won't blink. The

by Investor1 (Senior Monkey, 87 Banana Points Points) on 9/14/08 at 5:37pm

Paulson won't blink. The Treasury and Fed were both made to look like fools after the JPM & BS merger.

Paulson can't jeopardize taxpayer's money and continue to bail out Wall Street when he already broke some rules before (ie. lending money to investment banks that are in trouble)

Juwanna Mann's picture

look out

by Juwanna Mann Certified User(Senior Baboon, 201 Banana Points Points) on 9/14/08 at 5:46pm

There won't be a bail out. CDS is gonna get weeeeird