Barclays walked away from a deal to buy the whole of Lehman Brothers, but it is still interested in the investment banking unit, according to the Financial Times. Apparently, Barclays execs were later approached about an alternative deal for units that are not part of the bankruptcy proceeding. In a sense, this is a historic opportunity to buy a solid property at a rock bottom price. This is assuming that no one else will be interested. This might be the best "out" for Lehman. Bankers will remain employed, which can't be said of many others on Wall Street. Would the Lehman brand survive? I doubt it, but who knows.

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- here's the article

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