"LEHMAN BROTHERS IN TALKS FOR LAST MINUTE PLAN TO SELL LARGE PORTIONS OF ITSELF TO BARCLAYS, DEAL BEING CONTEMPLATED WOULD FOLD ITS CORE BUSINESS INTO BARCLAYS"
Went long on LEH at $0.22 earlier today.
You see gents, Lehman is too valuable to let go.
Surely LEH will be bought, but at a more modest $5-$7 billion.
From what I understand, everyone is scared stiff by Paulson's attitude, but come on, back room negotiations are rarely known until right before judgment day.
LEH is too big, too important, and I've too many friends who work there...