Lehman Brothers Filing For Bankruptcy; Bank of America Purchases Merrill Lynch

Oh boy.. could the past week get any wilder?  First, Lehman Brothers reportedly will be filing bankruptcy sometime in the next 12 hours due to failed talks between LEH and suitors.  The Fed tried to broker a deal between LEH and Bank of America / Barclays, but talks fell through at the end due to [...]

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 [...]

Lehman Posts Loss, AIG Finds a New CEO, Mexican Gas?

Busy weekend this weekend, eh?  First on the docket is the financial sector.  Lehman this weekend had some sort of secret meeting with its board.  Remember the last time a financial met secretly over the weekend (Hint:  BSC!)?  Over the weekend, LEH has officially removed their COO and CFO and may be in talks to [...]

Playoffs at the U.S. Open

Tiger Woods just made a clutch birdie on the 18th hole to force a playoff.  This man is just a beast.  Coming back from being out 2 months due to surgery to force a playoff for the win is just incredible.  As a result, we have another 18 holes tomorrow.  Updates to come including why [...]