Dead Bank Walking
The ice man has cometh for Lehman Brothers, and it ain’t a pretty sight. I hope the deregulation lobbyists & Alan Greenspan are pleased with themselves. Expecting the mortgage industry to behave for the good of all is like pulling out the stoplights & being shocked there are occasional drag racers & roadkill. It’s a bad year to be a banker in NYC. The frenzy of greed had to end sometime…given all the smart Ivy Leaguers with influence somewhere, you’d think somebody would notice the trouble brewing…but I guess by then the monster was out, and who was going to make an attempt at squelching that freight train.
Tags: Banking, Lehman Brothers, liquidation