<p>Does not sound much like laughter here. The indsurtry has not yet restructured to meet the level of actual business they will have next year. How much deal volume will there be and how much in fees? Banks will cut people without a second thought. I expect about half will be gone in a year.</p>
<p>[Lehman</a> Bros., Merrill Lynch employees anxious about future - Los Angeles Times](<a href=“The bulls pull in their horns at Merrill, Lehman”>The bulls pull in their horns at Merrill, Lehman)</p>