Posted by guest , Nov 11, 2008 5:59PM

Dealbreaker = Dorsia, No one goes there anymore

Posted by guest , Nov 11, 2008 6:00PM

Of course that's how Thain sees it - he has to justify why he went running to BofA. It's not his fault - it's a Depression. How's NYX trading, John? Your last two firms are only down an average of 70% this year - take some more bonus when you join the BAC executive committee.

Posted by guest , Nov 11, 2008 6:07PM

@2- except you, champ!

Posted by guest , Nov 11, 2008 6:27PM

The A, B, C's of this disaster...

http://www.forbes.com/opinions/2008/11/09/financial-crisis-tarp-oped-cx_tv_1110varadarajan.html

Posted by guest , Nov 11, 2008 7:50PM

"When it came time to bankrupt Orange County with bad advice, Merrill was there. When the internet went bust, Merrill was there. Way back in the 1980s, when the first bond trader was let off his leash and lost hundreds of millions of dollars, Merrill was there to take the hit."

Posted by guest , Nov 11, 2008 8:22PM

Jesus #6. I was reading the exact same thing and was going to post this:

"Goldman Sachs was the big kid who ran the games in this neighborhood. Merrill Lynch was the little fat kid assigned the least pleasant roles, just happy to be a part of things".

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom

-Not 5

Posted by guest , Nov 11, 2008 10:24PM

"The End" is a fantastic read...lots of great lines in there

Posted by guest , Nov 11, 2008 11:16PM

The 10% layoffs at Morgan Stanley are going to be heavily weighted to the front office IBD, which will equate to more like 20% to 30% of IBD at Morgan Stanley.

Citigroup to cut 33% of IBD starting Wednesday. Citi is shutting down their Palo Alto and Dallas IBD groups. Citi M&A may be disbanded and M&A bankers sent back into groups. Official cuts will start Wednesday and last a week. Citi IBD is out having a few drinks on the town tonight in preparation for the cuts.

Posted by guest , Nov 12, 2008 8:38AM

agree on "The End", excellent job by Lewis

Posted by guest , Nov 12, 2008 8:42AM

i have a man crush on Michael Lewis

Posted by guest , Nov 12, 2008 9:02AM

#9: what is "IBD" ?

Posted by guest , Nov 12, 2008 9:21AM

#12 Investment Banking division you piker back office tool

Posted by guest , Nov 12, 2008 9:22AM

#12 are you saying he does not have the acronym that is specific to C correct?

Posted by guest , Nov 12, 2008 10:19AM

That article by Lewis is fascinating, great insight. All of these lenders and Wall st ceo's should be indicted