Stock Market Game Week in Review

The Stock Market Game is a curriculum-based teaching tool that allows students to invest a hypothetical $100,000 online stock portfolio to learn about long-term saving and investing.

Unfortunately, this week's headlines carried bad news on and off Wall Street. While the National Weather Service in Houston warned Ike may bring "certain death" for residents along Galveston Bay, the topic on the Street right now is whether or not Lehman Brothers(LEH Quote) will suffer the same fate as Bear Stearns.

It's been a tough week for the nation's fourth-largest investment bank as the company's stock plummeted after reports of its nearly $4 billion quarterly loss -- its biggest ever since the company went public in 1994. Lehman has reportedly reached out to a number of banks and rival investment houses about a possible deal to buy the company, although on Sunday Barclays reportedly was emerging as the leading potential buyer. Reuters reported that U.S. Treasury Secretary Henry Paulson is "adamant" that no government money be used in any deal that resolves the Lehman crisis.

In other news, Enron shareholders and investors will split about $7 billion from financial institutions accused of participating in the fraud that caused the company to collapse. Close to 1.5 million individuals and other entities will be eligible to share in the distribution under the settlement plan, which is the largest ever in a U.S. securities fraud case. The distribution plan was part of a $40 billion lawsuit filed by shareholders and investors claiming Bank of America (BAC Quote), JP Morgan Chase (JPM Quote), Citigroup (C Quote) and other smaller players were involved in the accounting fraud that led to Enron's demise. In its heyday, Enron was the biggest energy-trading house in the world and the nation's seventh-largest publicly traded company, with a market cap topping $60 billion.