Capitalism crumbles So Lehman Brothers is no more, Merrill Lynch has been gobbled up by Bank of America, HBOS has been saved by Lloyds and AIG have been bailed out by the US Fed (who have now run out of cash and can't bail anyone else out). Who's next do you think?
A lot of people are thinking that this is the beginning of the end for investment banking and I'm starting to agree.
On a personal note I've lost a few hundred pounds on shares and I hate to think what's left of my pension. I suppose I could work for HBOS or Lehman though, that'd be worse!
Anyone else got any thoughts/opionions on this "once in a lifetime" event? Anyone work for HBOS / Halifax? |