The economic storm is far from over explains Lazard deputy chairman Gary Parr and H. Rodgin Cohen, chairman of Sullivan & Cromwell LLP, at The Deal's M&A Outlook 2009 conference. In this video the two dealmakers discuss how Lehman Brothers Holdings Inc.'s failure impacted the financial services industry and where the industry is headed.
"We may have crossed the inflection point of the most intense crisis. ... Still, the economy is in bad shape," Parr said. "Inevitably, there will be losses." Check out the video after the break.
- Maria Woehr
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