Leading Bidder, Barclays, Backs Out of Lehman Brothers Buy Out

Interesting note updating the status of the Lehman Brothers (LEH) fire sale. So far, Barclays has backed out of the possibility of buying Lehman Brothers citing that the purchase did not meet Barclays stringent requirements. Bank of America (BAC) remains amongst potential suitors. Please see this article for additional details. News on the Lehman buyout will likely get updated periodically over these next 4-5 hrs before the Nikkei opens in Tokyo.

Even if Lehman Brothers gets bought out, things should be very interesting during the week at Washington Mutual (WM) and AIG.

Bank of America is my largest dividend reinvestment plan holding (DRIP) so i'm keeping my eyes peeled.