Submitted by Brendan, Sep 16, 2008 18:45

To anybody who is familiar with how "the game" is played on Wall Street, John Thain's agility in the midst of the crisis is sure to bring a chuckle and admiration. It is such a classic Wall Street move to attend a meeting with a stated purpose, but to arrive with your own private agenda. He knew LEH was going down, and as soon as it did, MER was the next to go. His was simply a preemptive strike against the circling vultures. And as anyone who is familiar with the Street, self=preservation is always paramount, regardless of whatever words may pass one's lips.

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