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Interesting! well i believe both are 2 different things. Investment Derivatives and thier discounting techniques had created such a massive bubble of virtual money that had to get into HUGE debits some day! But the Corporate giants getting into financial services is a bit different, thier focus on LOB is never diversified. Its just an extn of thier product line into financial services being serviced by the same players.. for instance GE does most of financial services for ASDA!!

But to the topic who would replace Lehmans? i would say (purely my views) no one is required! Its just one of the brokers died by creating too much virtual money..

-s

Thats amazing! Not sure of the pilots, but trust me, the air hostess is still the same from 1950s.. if u wanna fly these days..