In investing like in poker there is always a sucker, if you don't know who it is , then its gotta be you! As Wall Street firms announced their results this week, that became a lot clearer. Lehman so a 3% yoy fall; Morgan Stanley 7% fall; Bearn Stearns saw a downturn 61% but Goldman Sachs scaled the heights with a 97% increases yoy.
This Economist article is very good for the layman who wants to understand what the recent credit crunch has been about.
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