Goldman Sachs and Morgan Stanley

[ERTW]

Would someone explain to me the short term and long term economic consequences of converting these stand-alone investment banks into bank holding companies.

Today will very likely be a crazy trading day. Will the stocks go Up or Down? Any predictions?

Source:http://money.cnn.com/2008/09/21/new...organ/index.htm

 

[dero]

http://www.rgemonitor.com/roubini-m...an_and_goldman_now_being_converted_into_banks

(use bugmenot.com for username and password)

Roubini is the Nostradamus of the current crisis, he predicted ( http://media.rgemonitor.com/papers/0/12_steps_NR ) all this in February.

 

[ERTW]

Quote from dero:

http://www.rgemonitor.com/roubini-m...an_and_goldman_now_being_converted_into_banks

(use bugmenot.com for username and password)

Roubini is the Nostradamus of the current crisis, he predicted ( http://media.rgemonitor.com/papers/0/12_steps_NR ) all this in February.

wow. that's some nostradamus predictions!