Another big financial house comes crashing down, and a lot of people have lost their jobs. Some are the individuals who made the poor deals that ruined Lehman and were richly rewarded at the time. But most are ordinary workers who in New York having the pain of losing their jobs compounded by walking out of their office with a few personal effects and keepsakes to be met by a large crowd of reporters, photographers and onlookers gawking at them. Some were carrying branded items which were a few weeks ago a piece of tat, have probably like Enron branded paper weights and slinky's become valuable souvenirs considering administrators are unable to pay staff in London one hopes they are.
All in all a capitalist economy should encorage risk taking but there is a difference between taking a calcutated risk and backing the three legged horse to win the Grand National and it shows a failure in current lasez-faire system of reguation, although I am sympathetic to a liberal system of regualtion it has shown not to have worked. The fact is it may not be the last financial institution to fail.