Sunday, September 14, 2008

House of Cards

My first and probably last post on the Credit Crunch. Just wondering: with Bear Sterns gone, Lehman going, and Merrill likely to go, when do the regulators start worrying about competition and anti-trust in the Investment Banking business? Or would the Main Street banks be able to take over?

Postscript: Yup. Merrill has agreed to be bought by Bank of America. Seems the agreed line is that Fuld is to blame for Lehman's fate.

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