"Wall Street Firms Will Revert to Pre-Crisis Model," Cohen Says

Bloomberg - May 5, 2009

SULLIVAN & CROMWELL LLP Chairman H. Rodgin Cohen joined Lazard Deputy Chairman Gary Parr and Carlyle Group co-founder David Rubenstein offering insights into the evolution of the financial industry, recent trends and prospects for commercial banking. Mr. Cohen suggested that Wall Street will emerge from the financial crisis looking much the same as before markets collapsed, after getting billions of taxpayer dollars. "The system will look more like what preceded the current environment than many people seem to believe," he said, adding that he is "far from convinced there was something inherently wrong with the system."