It is interesting to watch these financial institutions get crushed.
I have no information or way to know if Bank of America would buy Lehman (I wouldn't have enough knowledge to know what they were buying, in terms of assets).
But, the amount of leverage they were using must have been so large they couldn't get their hands uncuffed at Lehman. So many billions of dollars down the toilet for investors and employees.
It will be too bad for all the people out of jobs and all the people who have lost money in what should have been a very stable company.
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