The Circle Is Completed


Europeans laugh at United States misfortune? (Check).
Europeans grimly warn this is no laughing matter? (Check).
Europeans discover they have been just as reckless as the United States? (Check).
Europeans deny measures as dramatic as the United States took are required? (Check).
Europeans grudgingly admit they are just as fucked and pony up cash? (Check).
Europeans attempt to deflect blame on U.S. firm that is now powerless to defend itself? (Check).
Lehman Failure Caused $300 Billion Damage: Regulator [The New York Times]


The GLG-ification of Man Group Is Nearly Complete

It sure was clever of GLG Partners' to get Man Group to pay $1.6 billion for the pleasure of being conquered from within.