Page 1 of 2 12 LastLast
Results 1 to 10 of 20
  1. #1 BREAKING: Morgan Stanley and Goldman Sachs dissolved 
    Senior Member OwlMBA's Avatar
    Join Date
    Mar 2004
    Location
    America
    Posts
    757
    The Fed is turning them into bank holding companies, essentially completely dismantling them.

    Don't even have a link to give you yet. Will post one....
    **** Obama and **** you too.
    Reply With Quote  
     

  2. #2  
    Senior Member LibraryLady's Avatar
    Join Date
    May 2008
    Location
    Louisiana
    Posts
    3,748
    Goldman, Morgan to Become Bank Holding Companies
    September 21, 2008, 9:35 pm

    In one of the most sweeping changes on Wall Street in decades, Goldman Sachs and Morgan Stanley, the last two independent investment banks, will become bank holding companies, the Federal Reserve said Sunday night.

    The move fundamentally changes one of the mainstay models of modern Wall Street, the independent investment bank. It heralds new regulations and supervisions of previously lightly regulated investment banks. It is also the latest signal by the Federal Reserve that it will not let Goldman or Morgan fail.
    http://dealbook.blogs.nytimes.com/20.../index.html?hp
    Reply With Quote  
     

  3. #3  
    Senior Member OwlMBA's Avatar
    Join Date
    Mar 2004
    Location
    America
    Posts
    757
    Quote Originally Posted by LibraryLady View Post
    Goldman, Morgan to Become Bank Holding Companies
    September 21, 2008, 9:35 pm



    http://dealbook.blogs.nytimes.com/20.../index.html?hp
    Thanks!

    now i must type this so that I get up to 10 characters.
    **** Obama and **** you too.
    Reply With Quote  
     

  4. #4  
    Eyelids
    Guest
    Fundamentals! Strong!
    Reply With Quote  
     

  5. #5  
    Senior Member OwlMBA's Avatar
    Join Date
    Mar 2004
    Location
    America
    Posts
    757
    Quote Originally Posted by Eyelids View Post
    Fundamentals! Strong!
    I have a job.

    Do you?
    **** Obama and **** you too.
    Reply With Quote  
     

  6. #6  
    SEAduced SuperMod Hawkgirl's Avatar
    Join Date
    Sep 2008
    Location
    South Florida
    Posts
    4,061
    I've been reading references/whispers of 1987's Black Monday across the internet.....is there a potential to revisit this? Or are people in panic mode?
    Reply With Quote  
     

  7. #7  
    Eyelids
    Guest
    Quote Originally Posted by OwlMBA View Post
    I have a job.

    Do you?
    Its not much of a job, but I have one.
    Reply With Quote  
     

  8. #8  
    Eyelids
    Guest
    Quote Originally Posted by Hawkgirl View Post
    I've been reading references/whispers of 1987's Black Monday across the internet.....is there a potential to revisit this? Or are people in panic mode?
    I dont think we'll see something that crazy.
    Reply With Quote  
     

  9. #9  
    Senior Member OwlMBA's Avatar
    Join Date
    Mar 2004
    Location
    America
    Posts
    757
    Quote Originally Posted by Eyelids View Post
    Its not much of a job, but I have one.
    See! The fundamentals are strong!

    The only people unemployed right now are the unemployable and those unwilling to work for what they are worth. When a GM worker with a 9th grade education loses a $120k job pushing a button in a factory and he is unwilling to work for anything less than that, he is hardly "unemployed". Yet he is counted in the unemployment rate.

    Now, even though the fundamentals are strong, what we are doing right now is going to severely slow down the economy. Making the taxpayers pay to fund failed private businesses is going to flush the fundamentals down the toilet.
    **** Obama and **** you too.
    Reply With Quote  
     

  10. #10  
    Senior Member Zathras's Avatar
    Join Date
    May 2008
    Location
    San Jose, California
    Posts
    6,322
    Quote Originally Posted by Eyelids View Post
    Its not much of a job, but I have one.
    Hey Blinky, your job is important to those who like french fries with their Big Macs.
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •