Through their carelessness, their reckless financing, their vain attempts to ingratiate themselves with a self-important client, the Wall Street banks had created this fiasco together. Their instinct had been to savage as much of the carcass of Long-Term as possible, but now they had begun to see that doing so would risk bringing themselves down as well. One by one, they were concluding that they might have to do the very thing that was most antithetical to their nature: they might have to work together.
