Could A Resolution On Lehman Be Reached Tonight?

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The Wall Street Journal reports that "people familiar with the situation" say a solution to the Lehman Brothers problem could be reached as soon as tonight.

On Saturday, the main task ahead in discussions being led by the Federal Reserve is identifying whether a so-called "bad bank" structure could be designed to hold Lehman's souring assets. That issue is now seen by people familiar with the situation as the key stumbling block to completing a deal, especially if Treasury and Fed officials keep digging in their heels on opposition to a government-backed rescue.
Potential buyers such as Bank of America Corp. and Barclays PLC are loathe to take on Lehman's bad assets, which are seen as an immovable object to getting a deal done, according to people familiar with the situation.


Lehman Deal Could Come Tonight As High-Level Talks Continue
[WSJ]

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