This week the media was all over the 158 year old Lehman Brothers and its problems. Rumors about no bailout circulated the Korean Development Bank had passed, that Goldman Sachs had passed, that Private Equity wanted in but couldn't due to regulatory reason and the fast money is on Bank of America doing a "Bazooka Wedding" under the watchful eye of the Fed and the Treasury. Via Big Picture.
The rumor is that the suitor is looking for a Bear Stern, JPMorgan like deal where the taxpayer assumes $30Bn of future liabilities. What's another 30B in the face of a Trillion. Funny how we have become so accustomed to big numbers like these.
My money is on a bailout and the fact that this one is "the last one". We will see on both counts.