Please keep your leggs inside the vehicle!

Legg Mason Capital Management to amputate 40 jobs as it has lost about 60% of its capital of around 70 billion to mismanage. Now it only has 28 billion left to mismanage.

These are likely to be some very high paying jobs that are not to be replaced as the financial free-for-all story comes to a close and there are no markets for loan baskets that contain paper that has less utility than a chewing gum wrapper. In a decade or so, we will get some good books out of this ordeal and possibly a decent semi-fictional movie created.

This part of Legg Mason is based on Baltimore, MD.