Monday, December 29, 2008

Weekend at Bernie's

Today's Wall Street Journal has an interesting article called "The Weekend that Wall Street Died" which recaps the death of Lehman Brothers. The interactive graphic in the online edition (which I include because you don't need a subscription to access this) contains what I believe to among the best lines of the entire meltdownwwhich was apparently uttered by Goldman’s Sachs CEO Lloyd Blankfein to a Goldman aide who said he couldn’t take much more following weeks of market turmoil and two days of meetings with Fed officials.

“You’re getting out of a Mercedes to go to the New York Federal Reserve, you’re not getting out of a Higgins boat on Omaha Beach, so keep things in perspective”

In other news, there are only 362 shopping days until Christmas 2009 so stop reading this and get to work. The economy isn't going to fix itself, you know.