I have been trying to follow events on Wall Street all day. It has been an extraordinary experience. For those of you who are only peripherally aware of what’s going on it’s hard for me to put the right words together. I suppose melt down will have to do. As of midday the stock market […]

Well the first ‘post Lehman’ morning has come and gone. The stock market is clearly shaken, but did not collapse either. Plenty of investment bankers are busy sharpening up their resumes. Media experts are opining. And both presidential candidates have waded in with comments. My early observations: McCain is dead wrong. The collapse of Lehman […]

It looks very much as if we lose one of Wall Street’s better known firms in the next few days, if not tomorrow. Talks to bail out Lehman via a take over by Barclays Bank of the UK have broken down and now the only option seems bankruptcy. Here’s the latest from the New York […]