Topic: Lehman Brothers bankrupt!

[dragon]

It's the next three years that are important for the sector.. There is going to be a major shakedown.. And next in line is retail.. Reminds me of the bubble years of IT.. before the firms went bust.
Finance is in for a consolidation.. And although Lehmann going bankrupt is surprising, it was not at all unexpected. I agree with whyami.., that Goldman Sachs is in a comparitively better position. But even they'll be forced to lay off people, perhaps streamline operations, get out of developing markets.. What I don't understand is Barclays' position.. IS it going down? If so, why is it still intent on aquisitions?