Archive for the ‘finance’ Category

On the collapse of Lehmans

Few folk on the eastern side of the pond will have heard of Lehman Brothers, but for me the news of its collapse is a shocker. Henry Paulson talks about “soundness and resilience of our financial system”, but it’s clear to anyone with half-a-brain that times really are hard - this is certainly not “business as usual”.

In my professional capacity, I’ve had occasion to brush shoulders with people employed by Lehmans and, as I type, I’ll raise my glass of Laphroag to the 25,000 people who will shortly be out of work. All the best, folks. :-/

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Filed under finance : Comments (0) : Sep 15th, 2008