Sunday, September 14, 2008

News: Wall Street


I'm at work at 10 PM on a Sunday night.

Lehman Brothers is no more.

At $29/share, John Thain brokered an amazing deal:
Bank of America and Merrill Lynch are now one.

This week will go down in history. Now that Merrill, Lehman, and Bear are gone, what does the future hold for the only American banks left without significant restructuring: Goldman Sachs and Morgan Stanley?
Oh, and as Victor repeatedly told my unedumacated ass the other night: David Foster Wallace is dead. This author's death is particularly interesting because, I'm told, "the whole thing about that dude was that he hadn't killed himself yet."

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