Never did like Lehman, too hard core, money oriented, fee driven, sky high levered (reports of 40:1).
Played chicken with Paulson and lost.
They had months to work at cleaning up their own mess.
Goodbye "too big to fail"
No tears here.
AIG ... something for Warren Buffet???
Lehman Files for Bankruptcy; Merrill to Be Sold
"In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself on Sunday to Bank of America for roughly $50 billion to avert a deepening financial crisis, while another prominent securities firm, Lehman Brothers, filed for bankruptcy protection and hurtled toward liquidation after it failed to find a buyer."
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