In 2009 I was working on a project in Chicago which put me in contact with an investment banker, an amiable chap who, as it happened, had left Lehman Brothers in New York for a Chicago job just before the New York firm’s collapse the previous year. I waited until we had a casual moment together and then asked him what he thought of the fate of his old firm in New York. “Here’s when I got a sense for... Read more