Treasury and Fed Engineering Lehman Sale

Well whatdya know?  Seems like another one bites the dust.  As of 17:30 today, the Treasury Department and the Fed are brokering a deal to have Lehman taken private by Sunday.  Here’s the article from the Washington Post.  At least it’s another shot in the arm.  Let’s see how long this rally lasts?  4 hours perhaps?

Market Open : Sept 11, 2008 Lehman Brothers Filing For Bankruptcy; Bank of America Purchases Merrill Lynch

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