Lehman Brothers: Teetering On the Brinkby Tim Manni
As most of you already know, Lehman Brothers have been in the midst of a nose dive for some time now. According to Reuters, Lehman stocks fell as much as 46% on Thursday. On Wednesday Lehman announced a record third-quarter loss of $3.9 billion. Continued bad news and reports have only served to send customers and investors running.
If Lehman is not shopping for a buyer, they should be. But, it begs the question — who is willing, or better yet able, to buy Lehman much the way JP Morgan purchased Bear Stearns with help from the government?