Lehman ( LEH ) Bankruptcy Chapter 11 - Merrill Lynch Sold to Bank of America

Barclays and Bank of America dropped out yesterday in the effort to save Lehman Brothers ( LEH ). This led to only one thing. A Chapter 11 Bankruptcy Filing. Lehman Brothers ( LEH ) now will be wiped out on the equity side but is still trading in pre market at .46 cents per share.

AIG is very week this morning and they appear to need Capital or they could be next. AIG is trading at 7.03 down 42%.

MER Merrill Lynch is up 20% in pre market on the buyout news.

Who could be next? AIG, Washington Mutual ( WM ) all trading very low from a week ago.