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If it’s the end of wall street- what’s next?

September 15, 2008

With the crisis continuing and two venerable brands looking at new futures, Fortune Magazine suggests the end has just happened.

“The end of Wall Street.
As
Lehman’s demise and Merrill’s acquisition make clear, a business model
built on ramping up risk and leverage simply doesn’t work.”

What’s the new business model?
What does this mean for corporations, individuals and financing?

Posted by Ed Cotton

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