Jas1

Trusting the WSJ

Murdoch purchased an existing enterprise with good journalists. WSJ still holds credibility until those journalists are replaced. How much credibility does someone have whose comments are 95% anti-Republican? Probably less than the WSJ with most people.

Not reported in the WSJ, Lehman had some large bids out for their own bonds yesterday too. It doesn't mean they repurchased any debt cheaply but they may have. If only I knew some "people familiar with the situation."