Lehman Brothers, the ailing Wall Street bank, is working toward a radical solution in its fight for survival: Splitting itself into a "good" bank and a "bad" one.
Lehman, which has been searching for a financial lifeline from outside investors, is contemplating placing about $30 billion of troublesome commercial mortgages and real estate that it owns into a new publicly traded company -- the "bad" bank. The rest of Lehman -- the "good" one -- would then be able to carry on with the help of a cash infusion from one or more investors.
Read the full story here: Lehman Weighs Split to Rid Itself of Troubling Loans