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.