Another day another sunrise!!

Good Morning from Mt. Washington everyone!! Despite all the bad news from the world's stock markets, the Sun is rising today. Another ray of hope, the UK based Barclays (barc) bank is negotiating with Lehman Brothers to buy some units of LEH's business, just not asset and wealth management. Barc backed out of a purchase deal when the US Treasury would not guarantee LEH's future trading obligations. Barclays is interested in LEH's core broker dealer businesses. There is an urgency to the deal because Barc wants to close before LEH loses staff and clients, which would diminish the value of the purchase and make resumption of operations more difficult. Another concern is Barc's shareholders who will want to see a very low price as reward for the risk of investing in a bankrupt company.