From the Washington Post:
The Treasury Department and the Federal Reserve are helping Lehman Brothers put itself up for sale. The details are not finalized, but sources familiar with the matter say the purchase is expected to be completed and announced this weekend before Asian markets open Monday morning.
1. What will be the extent of the government/Fed bailout?
2. What will be the share price? Lehman is trading around $4.20.
It is truly economic apocalypse now. And half the country wants to put McCain/Palin in office to deal with it. Frightening…