Wall St woes: Lehman Bros

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  • Big Bank

    What does this partner mean when he says "I think you get certain seminal days in your career, like 9/11 or the Big Bang..."? Surely he wasn't old enough to be around when the beginning of the universe occured - and even if was, how is this "seminal" in the context of his career?

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  • I think...

    ...that he was referring to the deregulation of the City financial markets and consequent explosion in activity popularly known as the 'Big Bang'.

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