Lehman Brother Deal Is Done

I have read on reuters that there is some website reporting lehman brothers deal is done. the bullets are that
-bank of america will take major stake
- no fed money will be used
- capital institutions will provide some cash for deal.

However this is not confirmed piece of news and is a subject to change!! so mind it on the opening.

I dont think the deal is done and

Barclays appeared to be the frontrunner to take over Lehman

http://biz.yahoo.com/ap/080914/lehman_brothers.html


See above from yahoo.

Lehman bros in terrible situation. ubs shares fell also significantly. I wonder if the crisis can reach our forex deposits at our brokers, as big banks take care of most of the retail brokers. what is the safe harbour to trade at? If such a big bank as lehman went down how trust a bucket shop.

Barclays Bought Lehman today for 1.750 millions of dollars. The deal includes Lehman’s broker-dealer businesses, which are separate from its mortgage assets and the merger and debt advisory services with up to 10,000 employees.

And what you guys think about the US$85 billion rescue that the government gave to AIG. I think it’s hilarious how American people think. What are they waiting with this move?