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Wall Street’s financial crisis is being felt throughout the city’s small businesses. A corner coffee cart vendor said Lehman Brothers employees account for 90 percent of his business. A nutrition store across the street said a quarter of their business comes from Lehman workers.

Workers at Midtown's Majestic Deli said the regulars are from Lehman.

“Not only were they good customers but we built relationships with them, and they are half of our breakfast crowd. At nighttime they keep us going," said Nick Arhanasatos of Majestic Deli.

Even as Barclays Bank was in negotiations to buy up parts of Lehman, the mood remained gloomy outside the financial giant's Seventh Avenue headquarters, with the certain knowledge that thousands of Lehman jobs were gone for good.

A giant canvas on the sidewalk mocked CEO Richard Fuld and the trickle-down effect was already starting to be felt in the immediate neighborhood.

City Comptroller Bill Thompson said such effects were to be expected.

"The way we look at it, for every job created in the financial service area or Wall Street, there's at least 1.3 or 1.5 jobs created some other place,” said Thompson. “The reverse is true also, so that as you lose a job at Lehman, it has an impact of another 1.3 or 1.5 jobs that are lost in smaller, supplemental businesses."

Professor Lawrence White of the Stern School of Business at NYU said while a major layoff is never good for the city, the long-term effect will not be too bad.

“To just look at the number of jobs, the amount of spending, calculate some multiple from it and say, ‘Oh my gosh, all of that is going to disappear,’ that is a great exaggeration,” said White. “Because mostly they're going to be reemployed, mostly in the metropolitan area."

Two recruiters were among those trying to take advantage of the dire situation Tuesday. They urged Lehman employees to "get in bed with the right guys" -- a bold statement in an effort to get 1,000 brokers to go to work an independently-held clearing firm.

“Our guerrilla marketing campaign is in effect,” said recruiter Harlan Silverstein. “We figure, let the initial hit happen and then we are like the vultures."

And with the fall of one company comes the rise of another, and those who drive Barclay employees were also thrilled they may be adding on more passengers.

“It helps me put food on the table," said Barclay driver Samuel Dankwah.

Lehman Brothers drivers were worried, and said Lehman used to account for 30 to 40 percent of their business.