LEH deal done ?

So like the article says, the netting session going on right now doesn't address all the potential problems, just the derivatives. The assets issue remains.

And I guess we'll know pretty much anytime now the results from that session. Anyone know anything about this? Any reason that all the participants can't offset any imbalances at this session?
 
Quote from mgookin:

248pm eastern time bid ES is 125575 and ask is 125900 with almost no weighting. After 5pm it will get heavy and tighten up the bid/ ask.
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Those 3pm quotes were totally meaningless - did not reflect the market at all.
 
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