September 15, 2008
As I alluded to last night, I'm out for most of the day today. My early impression of today's opening is that it's about as expected: Markets think this is bad, but not horrible, and they are trading sharply but...
Given today's news, expect a major round of the good old "Blame the short-sellers" game to commence. Louise Story's one-sided piece in today's NY Times is a good example of something we are likely to see more of as financial...
Well that's it then. Lehman has now filed for bankruptcy, or at least its holding company has. As one European Bank official said somewhat plaintively to the Wall Street Journal as he looked to tomorrow's trading, "We are in the...
In case anyone's curious, it's been a hotbed of activity over at the Lehman page on Wikipedia. While we haven't seen a repeat of last week's attempted malfeasance, we have seen 36 edits to the page today (Monday), and we...
In thinking about the massive layoffs set to ripple through U.S. financial markets, not to mention the layoffs we've already seen, I went back and checked the latest securities industry employment data. Here it is, monthly back to 2000, followed...
