Lehman saved by Barclays

[Ashdavely]

http://www.usatoday.com/money/industries/banking/2008-09-16-barclays-lehman_N.htm

Looks like Lehman is getting "bought" now. I really have no idea what this means though. Anyone have a clue?

[SumSam]

They didn't save Lehman shareholders one bit.

What they have done is get themselves a steal of a deal - got prime estate and infrastructure in the form of Lehman Building at Times Square and Lehman data centers in NJ for a bargain price.

Lehman saved by Barclays? I guess that would be the same way someone who bought a foreclosed house at an auction could be said to have "saved" the original owner! :lol2

But yeah, if we ignore the shareholders, this is pretty good for the employees. :thumb