Another One Bites the Dust

Fearing that a failure of Lehman Bros. could topple other financial firms, senior officials of the Federal Reserve and Treasury Department were talking with the struggling company and potential buyers Thursday to try to smooth the way for a sale of the venerable investment bank, people familiar with the situation said.

The 158-year-old Wall Street institution has seen its shares fall 70% in the last three days. A sale of Lehman Bros. Holdings Inc. -- at what would be a bargain price -- would make it the second major Wall Street firm to succumb to the nearly 2-year-old mortgage crisis.  Read Article Here.

This is a bad sign.  Not sure who would want to invest in Lehman Bros. though.