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Look out below

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Looks like Lehman is going to be liquidated. Merrill may be next.

Remember all those glossy paens to investment bankers and hedge funds and CDOs and the frictionless magic of the market in an age of global capitalism and how government regulation of our financial institutions and their newfangled complex financial instruments that nobody really quite understands but which sure do manage to make some people very rich very quickly just gets in the way of progress world without end amen?

Update: Good morning, gentlemen. This is a twelwe-story block combining classical neo-Georgian features with the efficiency of modern techniques. The tenants arrive in the entrance hall here, and are carried along the corridor on a conveyor belt in extreme comfort and past murals depicting Mediterranean scenes, towards the rotating knives. The last twenty feet of the corridor are heavily soundproofed. The blood pours down these chutes and the mangled flesh slurps into these…

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