An Artifact of History - The Wall Street Business Model

Not likely. Some inside viewers see it all very differently. Sure, there has been substantial carnage. Sure the nature and degree to which capitalism stretched and extended itself over the last decade in particular are likely more refined and with less playing out at the limits. But fundamentally, the IB business will continue to churn, albeit at a different frequency and amplitude.

"Lastly, for those who cheer the death of the "business model" you are clearly not students of history. Yes, the highly leveraged games of the past five to eight years are over but the IBs made plenty of money before that in a field that had five to eight real competitors. With all that has happened, the new world order suggests an oligopoly of MS, GS, JPM and maybe on other with the various boutiques. There will be more than enough medium margin business to guarantee the survival of these franchises and future profits. Even better, these newly leaner firms with lower leverage and less risky revenue streams might actually garner a higher multiple in the market than they have in recent years."

Thank you Clusterstock and The Business Insider.

The Future Of Wall Street