Write-Offs: 09.16.08

Publish date:

$$$ "Earlier today, Dennis Kneale was running his mouth (as he is oft' wont to do) about the complete failure of the "Financial Supermarket" business model, referring to the diversified financial services corporation epitomized by the likes of Citigroup and the like As usual, Kneale conveniently ignored the reality of the situation, which in this case is that the model itself is not necessarily broken, but very prone to failures of implementation and execution, much like most other large, complicated business models." [1-2]
$$$ Thain and other former Goldmans may get $200 million for 1 year of work [Bloomberg]
$$$ Lehman Brothers named II's #1 fixed income research team [II]
$$$Let's Start by Finding Some People to Lynch! [Bloomberg]