AP source: Barclays to acquire Lehman assets

[Starbucks Anarchist]

http://news.yahoo.com/s/ap/20080916/ap_on_bi_ge/lehman_barclays_deal

NEW YORK - British bank Barclays PLC has agreed to buy at least some of the investment banking and trading operations of Lehman Brothers, a person briefed on talks said. An announcement could come as early as Tuesday afternoon.

The person confirmed media reports that Barclays President Robert Diamond has addressed Lehman investment bankers to inform them of his company's intentions. This person spoke on condition of anonymity because a final agreement had yet to be reached.

Lehman filed for Chapter 11 bankruptcy protection on Monday. Barclays withdrew from weekend talks to rescue Lehman through an outright acquisition.

[DonCoquixote]

1. Here's an angle

If The GOP hates Europeans so much, how do they feel about the fact that we need the Brits to bail us out by begging them to buy us out. Oh, I forgot, McCain is the one that got rich when his wife sold Budweiser to the Belgians.