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Is Lehman Brothers a Good Investment Bank?
The feeling becomes like they're playing as you said, playing with funny money. It's like, huh, this isn't my money I have to worry about. So now I can worry about causes. And in my opinion led to the downfall of that particular bank, but also the problems we've seen in multiple other investment banks. There are some very well governed, well run, small retail banks, community banks that happen to be publicly traded and yet have not fallen victim to this kind of cycle.