Lehman Brothers for sale... But who wants to buy?

Friday, September 12, 2008

Investment bank Lehman Brothers is continuing its struggle to stay alive today. The stock price is in free fall; its shares fell as much as 11 percent to $3.75 in early electronic trading, after investors rejected a survival plan floated by the company on Wednesday. Now executives are looking for someone to buy the company, or at least make a major investment in it.
Guest: Peter Morici, professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission.

Contributors:

Jesse Baker

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