… And then there were two!

A decade ago, a list of the top Investment Banks on Wall Street would have looked very different from what it does today. In the last 6 months alone, Bear Stearns has become history. With Bank of America announcing its intent to acquire Merril Lynch, another venerable I-Bank might soon become a memory. And of course, Lehman Brothers is close to bankruptcy unless a miracle rescue deal is cobbled together- and even then, Lehman may not remain Lehman, with dismembered parts of its business going to various buyers. And after all this happens, only Morgan Stanley and Goldman Sachs will remain. And how long that wil continue? Your guess is as good as mine!