MAJOR BREAKING NEWS....FED CONTINUES ITS POWER GRAB IN THE NAME OF “REGULATION” AND KEEPING US SAFE FROM FINANCIAL RISK.
“In one of the biggest changes to 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 mainstays of modern Wall Street. It heralds new regulations and supervisions of previously lightly regulated investment banks.”
http://dealbook.blogs.nytimes.com/2008/09/21/goldman-morgan-to-become-bank-holding-companies/
Sunday, September 21, 2008
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