Sep 14, 2008

Humpty Dumpty wrote a bad mortgage...

Our financial houses are folding. Bank of America sops up Merrill Lynch; Lehman Brothers falls into bankruptcy; AIG begs for a $40 billion government bailout. This is what happens when transaction-making becomes your leading industry.

Who will put Wall Street back together again?

1 comment:

Euripydes said...

On moral hazard, political economics and finance, we can afford neither our politics nor the transactions that fund them.