Goldman Sachs, Morgan Stanley made bank holding companies by Fed

[theboxer]

It looks like the exact opposite of Glass-Steagall. So they're turning to bank robbing as a last resort.

 

[turkeyneck]

Finally some Goldman bankers have to come out and greet me when I open an account with a $100 deposit.

 

[Gringinho]

Quote from turkeyneck:

Finally some Goldman bankers have to come out and greet me when I open an account with a $100 deposit.

ROFL ... hehehe
Good one!

 

[killATwill]

surely justifying the price of a top level MBA has become much harder. there are no more pure i-banks.

 

[Manni]

Quote from simon1080:

What the heck does that mean?
They are going to buy out a retail bank?

Its means they have access to the $700 billion fund that is being set up by Paulson. They can hand over all their worthless assets to the taxpayer and make sure the bonuses this year will be the best ever.

 

[Aaron Copland]

Can't anyone see how Paulson ran off the competition and now gives these crooks the whole street to themselves?

 

[BallBag]

They are up to something.

 

[W4rl0ck]

When can I open my Goldman Sachs checking account?

I want the checks with the "masters of the universe" design.

 

[Manni]

Quote from Aaron Copland:

Can't anyone see how Paulson ran off the competition and now gives these crooks the whole street to themselves?

Paulson has ensured that when he leaves the FED, he'll be able to earn millions for half hour seminars with the banks he's rescued.

The restatement of GS and MS as commercial banks is shameless corruption and should be blocked.

 

[ERTW]

Quote from turkeyneck:

Finally some Goldman bankers have to come out and greet me when I open an account with a $100 deposit.

LOL. That's too funny