so... my story. just last friday, as it became increasingly clear lehman is failing, i joked with my co-workers that we have nothing to worry about until merrill falls.
and of course, that happens. which leaves us as the next in line among the broker-dealers (which also makes it clear which company i work for).
in our group, we've been getting a flood resumes from lehman employees since last week. today, 2 lehman employees interviewed with us. in fact, i believe we've been interviewing lehman employees for at least a month now (since a lehman employee gave a job talk at our group last month).
i'm not sure what the fate of morgan stanley is. it appears morgan stanley is actually in good shape, but it only takes a few days for a bank to fail these days.
anyhow, we'll just have to wait for goldman's earnings tomorrow and ours the day after. hope that both of us exceed expectations.
it's just surreal how 2 of our stiffest competitions just went poof in a day.
the Wii is an epidemic.
