peHUB First Read

Daily carnage report: Goldman Sachs and Morgan Stanley are no longer traditional I-banks, Nomura is buying Lehman's Asian operations, IPO stocks get battered in the market tumult, the actual text of Paulson bailout proposal and stock futures are down. * Kedrosky thinks we should all get bailout tombstones. I say we should all get a closing dinner. * Icahn blames corporate waste. * Heidi asks if Hank Paulson is too powerful. My take is that no one individual (or federal department) should have the responsibility being proposed without any real oversight. That also seems to be the political consensus that's building -- at least judging Obama and McCain's statements. I'm sure that'll cause troubles

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