City financials have been in work today since 10 this morning my mate said! Everyone is waiting for the 7-8 period tomorrow. Currently Lehmans is stuffed. No Chapter 7 or 11 will be allowed and the USG are not stepping in as they have said it's an industry problem. Unless a big state / soverign wealth fund steps in then it could be a very black day tomorrow.
AIG may sell all their assets tomorrow too. Morgan also looking like they are on thin ice, although they may already have a buyer/ funds available.
Looks like my ISA may be in for a battering tomorrow. Just hope the Gilts hedge works out??!!
Grim