Federal government officials and Wall Street executives have been meeting to try to save investment bank Lehman Brothers, whose shares have tumbled 95 percent in the past year over worries it doesn't have enough money to cover losses from its real estate holdings. Insurer AIG and savings bank WaMu have taken steep losses during the past year from risky investments.
Bloomberg is a billionaire former chief executive officer. He had been scheduled to appear with California Gov. Arnold Schwarzenegger in San Francisco on Monday.
