<p>The days of investment banking could be over by the end of this week, folks. This week will no doubt go down in the history books as one of the worst weeks for financials. Lehman collapsed on Monday and its investment banking and securities trading units were bought by Barclays. Merrill Lynch was bought by Bank of America and pretty much is just a subsidiary now. The government gave AIG an 85 billion dollar loan and will take 80% ownership. </p>
<p>Today, Morgan Stanley is in talks with Wachovia about merging. Washington Mutual put itself up for sale. Goldman Sach's stocks plummeted 20-something percent. THE DAYS OF INDEPENDENT INVESTMENT BANKS ARE OVER. It seems like all these big names will be gone or part of commercial banks. I was actually looking forward to apply for a job at one of these banks, but it looks like my dreams aren't going to happen.</p>