Uncertainty

Bear Stearns is no more. Lehman Brothers went belly up(although Barclays bought their Capital Markets unit). Now Morgan Stanley is in merger talks with fucking Wachovia. I'm a sophomore finance major at a non-target with a decent gpa, a decent internship under my belt, and substantial leadership positions on campus. I've always wanted to be a trader for as long as I can remember. Prior to this debacle, I've always thought I had a decent shot at landing an internship with one of these banks but now I'm not even sure I'll be qualified to get a job with Wachovia when I graduate in 2011. Pols are quick to capitalize on any significant event for personal gain. Look at the opinion section of the WashingtonPost and the NYT, they're all calling this the end of the "investment banking model."

Coming from a non-target, it was already competitive enough now it seems even more compounded. Is this really the end or should I still stick with my major?