The events of this past weekend – coming six months after Bear Stearns was thrust into the arms of JPMorgan – leave America's financial system in tatters, but not without hope for the emergence of a new order on Wall Street, that will once again return to its main purpose of efficiently allocating capital on a global basis. While the demise of Lehman could have been foreseen in the... Read more
By William Cohan 16 Sep 2008 - 0 comments