wow, FT says Bank of America, China Investment Corporation and JC Flowers are in talks to buy Lehman. I bet the negotiation is with Paulson. Does he want to look tough over 30B? What's 30B? 3% of the current debacle? Who are we impressing? Talk is that funding would come from a markdown of debt.
Amid rumors of an old fashioned bank run, now it is Washington Mutual that would be swallowed by JP Morgan over the weekend. Argh people! Slow down!!!
I got to Focus! Breathe! Focus! It's going to be a long weekend. No pun intended, but I am long over the weekend, could be badly burnt. Is it just me or does it feel PAST tipping point.