Lehman Brothers Collapse: New Financial Architecture Required
Switching on the radio this morning, the reaction to Lehman Brothers’ bankruptcy was sobering to say the least. No more “Aww .. it’s OK, it’ll get better”. Now it was:
“It may be past time to panic already. These are certainly seismic events.” Terry Smith, Chief Executive at Tullett Prebon, leading Internet Stock Brokerage
“This is not stress testing, this could be testing where the failure point lies.” John Moulton, Alchemy Partners, leading Private Equity providers.
