by Calculated Risk on 9/12/2008 08:51:00 PM

Here is the story from the WSJ: New York Fed Holds Emergency Meeting On Lehman's Future

In attendance were Treasury Secretary Henry Paulson, Securities and Exchange Commission Chairman Christopher Cox, Morgan Stanley Chief Executive John Mack and Merrill Lynch Chief Executive John Thain, among others.
...
"Senior representatives of major financial institutions met at the Federal Reserve Bank of New York Friday evening to discuss recent market conditions," a spokesman for the New York Fed said.

I expect some sort of announcement this weekend.