I'll be curious to see if its true that there won't be any big investment banks. I'm concerned that its going in the other direction, that an even smaller handful of banks are buying the losers in this shell game at a fire sale price, aided and supported by the government, when in a less panicked market, those sales would be almost certainly blocked by antitrust concerns. And I worry that when we finally get out of this mess, we'll end up with a small number of even larger players who's influence will have even more impact on the direction of the markets in general and certain stocks and sectors in particular, thus setting up the markets for manipulation rather than competition.
Then again, I can be rather pessimistic about government and large corporate entities :) Judah On Thu, Sep 18, 2008 at 8:43 AM, Robert Munn <[EMAIL PROTECTED]> wrote: > Good post! I saw someone on TV last night say that at the beginning of > the week we had a Wall Street structure with several big investment > banks, and at the end of the week we may have a Wall Street with no > big investment banks. Astonishing. You should definitely post about > the reasons for their collapse when you get a chance. > > On Thu, Sep 18, 2008 at 8:26 AM, Mark wrote: > > In the end, the collapse of Lehman and general restructuring of Wall > Street should be a really good thing for the US Economy. > > > > > http://www.vertabase.com/blog/lehmans-collapse-is-good-for-american-business > > > > In short, more money should move out of trading in secondary markets and > into bank deposits which can be used to directly fund businesses and > entrepeneurs. > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:269958 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
