Sunday, September 14, 2008

Blood on the Trading Floor

This'll be quick.

I've come down a with a cold, which sucks. Normally I'd be somewhat happy with the side-benefit of maybe missing work tomorrow, but not this time.

Lehman Bros, Merrill Lynch, and AIG are in no small bit of trouble today. Nobody wants Lehman, BoA wants Merrill before nobody wants it, and AIG is trying to raise capital in the face of Ike-related damage. Expect one hell of a day in the market tomorrow. I'd kind of like my ring-side seat.

There's some good coverage (and a decent if mildly stretched analogy to poker) of the weekend's happenings over here.

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