Friday, September 26, 2008

Panic in Nice Suits

So here's my thinking:

Goldman Sachs was next to fail - they call a favor from once-and-future employee Paulson.

Paulson analyses the situation, goes into reactor scram, and calls in the leadership.


So, what set off G-S?

The Chinese pulled their cash:

China: A Run on the Bank of East Asia.

As always, WTFDIK and YMMV.

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