Tuesday, September 16, 2008

This is going to be a long and tough ride!

R.I.P. - Lehman Brothers and Merrill Lynch

I was thinking about how a prominent executive from J.P. Morgan described to us the situation on Wall Street last year during the sub-prime crisis, during out summers ppt - "There was blood on the streets...!", he said.

Compared to what's happening now, that must now seem like an ice-cream truck passing through Wall Street.