September 15, 2008

That Loud Sucking Sound...

...is the US financial sector. I'm reminded of Joan D. Vinge's The Snow Queen, where "May you live in interesting times" is actually a curse on one of the worlds.

It's amazing how these legendary firms are collapsing. The big commercial banks are getting bigger, and I'm sure right now, everyone is glad they are around to pick up the pieces. But I wonder what will happen once all the consolidation is over and we're stuck with these enormous entities and their hands in everyone's cookie jar?

Definitely interesting times.

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