Lehman Aus bought by Nomura and a stake of Morgan Stanley by Mitsubishi. Wow, this is a whole jamie-jurie-style new landscaping of the financial market.
Lookout for Middle Eastern / Chinese conglomerates and funds diving in. I see this as good buying opp for short term in financials like BNB and MQG. IMO it will recover 3-4 fold of its value now before end of yr. Just gotta have the balls to buy in this volatility.
BNB
babcock & brown limited
