Monday, September 15, 2008

LEH Lehman Brothers Holdings
Last Trade: 0.19
Trade Time: 1:54PM ET
Change: -3.46 (-94.81%)

Yikes. The Fed is staying out of it, though, like they said they would. Word is they are going to be helping out AIG, though, with capital for a 'bridge loan' collateralized by the subsidiaries:

"In many ways, this was predictable," [Gov] Patterson [sic] said. "Hopefully we have cleared the way for the federal government" to provide assistance as well, he said.

Also: This is worth about 10,000 times what a share of stock is worth!

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