This was in a "Special Section" in the New York Times:
“I’m taking the rest of the year off,” one senior banker said with a chuckle. “Call me in 2009.”
About $861 billion worth of deals worldwide were struck in the quarter that ended Monday, according to data from Dealogic. Representing a 22 percent plunge from the same time a year ago, it presages a slow year for mergers practitioners — and some bankers are writing off 2008 completely.
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