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Rumors were swirling about another major Wall Street player on Monday as Lehman Brothers Holdings Inc. stock fell 11 percent.

The stock reached the lowest level it had seen since 2000 as the Street's second smallest Wall Street firm was the subject of speculation that it was in trouble and, like Bear Stearns, might have to sell itself off for a bargain-basement price.

Fears that the bankruptcy of Bear Stearns would cause widespread uncertainty about the financial conditions of other global investment banks and further deepen the credit crunch prompted Federal Reserve officials to engineer the company's rescue plan, New York Fed Bank President Timothy Geithner said.

Geithner outlined the events leading up to the Fed's rescue plan for the troubled New York investment company in Thursday's testimony before the Senate Banking Committee.

"The news that Bear's liquidity position was so dire that a bankruptcy filing was imminent presented us with...

The news wasn't surprising but the price tag was a real stunner.

On Sunday J.P. Morgan chase agreed to pay $2 per share to acquire failing Wall Street investment bank Bear Stearns, lock, stock, and barrel. And the purchase price, by the way, will be paid entirely in stock and includes purchase of the company's 45 story New York office tower...

Well there certainly are a lot of opinions in the news media out there concerning the economy, lenders, recession, etc...

Let's just apply some common sense for the moment.

Consumer spending drives the economy. But what drives consumer spending? Lot's of things, but here are my thoughts. In the last 6 years, we've had rapidly rising home values. Any of you reading this that have bought or owned homes from 2001-2006 have yourselves felt the sense of security that came from knowing you had appreciating real estate to "back you up."

To compound this confidence in real estate appreciation, the last 6 years have held unprecedented recklessness in spending. Spending is good, but reckless spending is bad...

Credit repair is a subject that has been on our back burner for a long time, but a piece of spam received a few days ago brought it to the forefront.

It was a cleverly crafted piece of email - addressed to me, not only in the heytheirfriend @ yayada.com sense but also personalized with my name in really big, red letters.