Wall street, the loser: John Thain, Merrill Lynch, CEO

Opinion Solarlife,  Money talks politcs: "people"

Wall street bull fight

Lehman filing chapter 11 was the End of fancy Wall street banking, the date to remember 9/15. During the finance crisis the classic US style Investment bank died. The Future belongs to the new old fashioned business bank.The ancient model John Thain / Merrill Lynch meets his new boss CEO Kenneth Lewis the boss of Bank of America BoA. Thain the Wall street star, Harvard University. Lewis born Mississippi area, his bank North Carolina, southern accent.

From Investment bank to business bank
The old investment bank speculating with money it does not own is obsolete, including all fancy  virtual interbank products for speculation. AIG provided the insurance through derivative contracts known as credit default swaps, here is the problem. The new old business bank takes money from the saving accounts of it's customers and lends it to business not to speculators.

The winner is Bank of America
Ken Lewis not Thain will decide in Future how things are running in America. The newly opend environmently friendly scyscraper of the Bank of America in Manhattan is the new ecopowered center of the american finance world.

The most ambitious eco-friendly skyscraper
The $1 bn Bank of America Tower
One Bryant Park
New York City

Set to rise 54 stories above Manhattan, the crystalline Bank of America Tower at One Bryant Park will incorporate environmentally friendly technologies, from its windows to its toilets. The building will supply 70 percent of its own energy with an on-site natural-gas-burning power plant. For climate control, One Bryant Park will rely on excess thermal energy from the power plant, a groundwater heat exchanger that is the first of its type, and an air-conditioning system cooled by ice made with excess power during off-peak hours.

Bank of America the surviver
"Henry Ford style" entrepreneurs back in business
3 Investment banks disappeared: Bear Stearns, Lehman Brothers und Merrill Lynch. Two stay for the moment: Goldman Sachs und Morgan Stanley the remaining 2 Investment banks.The category "Wall street Investment Bank" pulsating New yorks life does not exist anymore. The future belongs to the new old Business bank with clients not for speculation but for business creation a la "Henry Ford". Rebuild and finance production and service enterprises for America. The share holder value of anonymous of shore clients secondary. What counts is real business. Bank Of America, the winner takes it all. Thanks for guiding us through the tunnel of wall street change. Light in sight.