Arkansas Business has a report on a memo Warren Stephens circulated in the Stephens financial empire today. They are cool in the current financial meltdown, thanks to modest leveraging of assets and heavy investment in conservative securities. He sees a “historic opportunity” to hire casualties of the failures of Lehman and Merrill.

The Dow finished down 500. Again, where’s that woman from Russellville who said we were better off. And I’d refer you back again to commentary about the dire situation on the jump here.


McCain blames Bush, by implication, while sitting in front of Jeb Bush, wrapped up in the Lehman failure.