Academic

There will probably be more weighing in from these quarters when the Lehman collapse gets legal - i.e., there's a bailout, a foreign investor skips CFIUS approval and just buys in, the Fed engineers a takeover.  But isn't it amazing that we could be going from five bulge bracket investment banks to three in the course of six months?  Not that there aren't plenty of other active Wall Street financial institutions out there, like BofA, and heck, Wachovia.  But that's a lot of history to blow away in one annus horribilis.  Anyway, Dealbreaker is all over the story.