jersey,
I don't either.
The Institutions have their reasons for doing what they're doing.
I worked in a subsidiary of a major NY Institution and, after I left, the Institution walked over to another service provider with their contracts and wound down their own subsidiary, my former employer.
Stuck one of our attorney's in an office and wound down all the residuals.
Employees had no reason to think their employer was coming back.
Lehman had a shot at re-structuring and getting back on the market.
But, it looks like the only hope will be coming from the UK.
How are they going to do it from there?
I don't know.
mojo
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