Wall Street Bankers!

Here we again, another major investment banking group is about to fold come Monday morning. Right now the U.S. Government and top Wall Street bankers are trying to come up with away to stop this from happening. What everyone is trying to do is sell Lehman Brothers Holdings Inc. to avoid a collapse of the investment bank. If Lehman Brothers collapse so will the Dow and other stock markets around the world. I did read that Barclays PLC, which is Britain’s third-largest bank just backed out of buying Lehman Brothers. They where the one’s ready to take over and then something went wrong. Someone close to the bank stated that the “chances of buying Lehman Brothers was very unlikely.” Now what’s going to happen? The only one’s left at the table is Bank of America Corp., which is our nation’s biggest retail bank, and few other several private-equity firms. Hopefully the talks will pickup with the Federal Reserve and the Treasury Department executives with the other banks still in the hunt for a great deal. If talks fail and there’s no deal by tonight the stock markets around the world will fall sharply.