So in the aftermath of the Great One-Off of Britain's referendum on membership in the EU, "shock and awe" seems to have taken on, if not a whole new meaning, at least a different application, and a different target. Now it's the financial traders, the stock-jobbers, the hedge-fund managers who emerge from buildings, still intact but hollowed out, blinking and wondering, "What happened? Who and how did we get into this? Who and how can we get out of it?"
Suits and body armor by McQueen, the City fathers and sons and daughters are incredulous: "What do you mean 'they cut the power? How could 'they' cut the power, man? They're animals!
We have some in the business, some out of the business, some who are the business saying "This is another Lehman Brothers moment."
We have some proclaiming the situation isn't that bad: "This is a Bear Stearns moment."
Others proclaim the situation is worse than Lehman Brothers.
One says this:
"There's no playbook for this," says one executive at one investment banking and brokerage company, that, years before, had been buried in the rubble of the World Trade Center.
Note: post edited, material removed after initial publication.
June 27, 2016