Welcome to Civitium's blog: Local Loop http://civitium.com/LOCALLOOPBLOG/tabid/60/BlogId/4/Default.aspx en-US greg@civitium.com Tue, 07 Sep 2010 10:22:29 GMT Tue, 07 Sep 2010 10:22:29 GMT http://backend.userland.com/rss Blog RSS Generator Version 3.4.0.39853 <p>As I come back from a week of vacation and look at the news, I don’t think I could have picked a more turbulent week in which to travel in my lifetime. The United States is investing $85B in a single firm, AIG, and expecting to make up to $700M more available through various means to keep our country solvent. The US has already let Lehman Brothers go while previously backing Bear Stearns. Investment banking, traditionally the most assured vehicle for wealth accumulation for Ivy Leaguers, has partially and arguably largely collapsed. Outsized bonuses for staff and enormous packages for CEOs have evaporated as searching for a job becomes paramount. Remaining independent banks are transitioning to more traditional structures with increased federal insurance and the oversight that comes with it.</p> http://civitium.com/LOCALLOOPBLOG/tabid/60/EntryID/18/Default.aspx http://civitium.com/LOCALLOOPBLOG/tabid/60/EntryID/18/Default.aspx#Comments http://civitium.com/Default.aspx?tabid=60&EntryID=18 Wed, 24 Sep 2008 15:17:00 GMT 0 http://civitium.com/DesktopModules/Blog/Trackback.aspx?id=18