Rumored: Bear Stearns in Good Company With Lehman Brothers?

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We’re hearing from multiple sources that Lehman is about to make a major announcement about its hedge funds being damaged by subprime. Lehman would not immediately comment. Heard anything?
As always, you'll have to judge the quality of these rumors yourself. We trust you to exercise your independent judgment. At this point, it's all hearsay. Rumors of rumors. We have no reason to believe we're being intentionally misled here but sometimes rumors get started by people with agendas. We report rumors because, unlike a lot of others in financial journalism, we don't think you are too irresponsible or ignorant to be trusted with information of uncertain provenance or probity. Proceed with caution.

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