Lehman Tchotchke Hits The Block

Lehman tchotchke hits the block: (New York Times) ready cash and questionable taste are all that’s required to own a small piece of Wall Street history


AIG board schedules meeting to discuss paying back government; taxpayers may collect “significant profit”.

Stocks dip, gold futures hit new record. (Wall Street Journal)

Blankfein on clearinghouses in crisis: (Bloomberg) “biggest systemic risk in the world”

IMF expresses concerns over vagaries, consequences of sovereign debt ratings (Financial Times)

Gov’t to sell Citi preferred. (Washington Post) The treasury plans to sell $2.2 billion in Citigroup preferred shares; the pace of the sale will be determined by market conditions.