Nov. 8 (Bloomberg) -- People ask me all the time: How could
Wall Street powerhouses such as Bear Stearns Cos., Lehman
Brothers Holdings Inc. and Merrill Lynch & Co. disappear
virtually overnight?
How could MF Global Holdings Ltd. be here one day and gone
the next? Why was Jefferies Group Inc., the midsized investment
bank, whipsawed last week by rumors about its very survival
because of questions about its exposure to European debt?
