Financial Times FT.com

Wall Street dispatch: Thought is needed on rewriting the rules of the game

By Francesco Guerrera

Published: November 25 2008 16:33 | Last updated: November 25 2008 16:33

A compressed version of the past 18 months on Wall Street and in Washington might read something like this.

Hank Paulson, standing on a stage bearing the US government’s logo, holding large jute sacks: “One at a time please, there are funds for almost everybody ... OK, here we go, one for you, JPMorgan; please share that with Bear Stearns”.

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