ALSO NOTED: Goldman Sachs files for SPAC offering; Analyst cuts Lehman profit forecast; and much more...

Company News:
> Analyst cuts Lehman profit forecast. Article
> Fortress profits decline. Article
> Commentary: Historic perspective on PE bust.
> Goldman Sachs files for SPAC offering. Article
> UBS slashes estimates for Merrill Lynch. Article
> Advisers laugh at structured products these days. Article

Industry News:
> Repo loans losing favor? Article
> Bank rebound not like the 1990s. Article
> Subprime exposure hits two China banks. Article

Regulatory News:
> Supreme Court nixes part of CalPERS suit against NYSE. Article
> FDIC plans to boost staff. Article

And Finally... More than a quarter of employees snooze on job. Article