A crisis that never seems to end.

I am currently sitting the quiet part of the library, reading to cases for two hand-ins next week. One strategy case is called "Pearl River Piano" and is about a Chinese piano manufacturer that wants to compete with Steinway & Sons. The other one is fairly old, and is about Pacific Pride - an american gas station business with an IT-system from what seems to be the stone age.

In the news, which is really weird... JP Morgan Chase buys Washington Mutual - the second largest lender in the US and Swedish Swedbank is under attack. Didnt Swedbank have a operating profit of almost 9 bn SEK during their first 6 months of 2008? Then maybe... just maybe filing for bankruptcy is pretty farfetched - at the moment that is..