Short-term European Schadenfreude and the US Investment Banking and Subprime Mortgage Crisis on Wall Street

A thought-provoking analysis of the US investment banking and subprime mortgage crisis is given at the New York Times by Nelson D. Schwartz and Carter Dougherty in As Europe Watches Wall Street Fall, Schadenfreude Gives Way to Worry.

Whenever fortunes are being lost, fortunes are being made. So who are the winners?

Via CaryGee.