Lehman.

Friday afternoon I met with a top guy at a midsized financial p.r. firm. We were watching the silent CNBC chyrons detailing the Lehman bloodbath. He said he'd heard that BoA was considering a bid. I said I didn't think that they'd ultimately do it, since, as I recalled from my Barbarians at the Gate VF's Bear opus, the odds were that once BoA's lawyers looked at Lehman's books they were gonna be far worse than expected. And, with so many banks flaming out, why would anyone be willing to board a sinking ship -- even at a cut rate?

It made no sense. Still, I really wanted to be wrong.