Yeah, Morgan took over Stearns not worried about the potential losses because of government guaratees and they got Stearns' building. Morgan was in the process of putting up there own building, a deal I believe they walked away from.

I like how a lot of the Merril execs were ashamed to be going to B of A, "the Walmart of Banking".

Great Lehman story told by Dominic Barbara on the Howard Stern Show. He handled the wifes end of a divorce from a major Lehman exec. Guy was worth over 100 mill (almost all stock), wife got 17. Dominic made her take cash since stocks can go down in value. After Lehman collapsed the ex husband called her up and asked if he could have a couple mill to live. She laughed and hung up. To make matters worse, the hubby took a loan from Lehman to pay her off. Since he was out of work and no stock to cash out to pay it back, he was going to be taxed on it as income. Double fucked.