Gothamist: Goldman, Morgan Stanley Become Bank Holding Companies as Government Tries to Pass Bailout

tingo

Mon, 22 Sep 2008 14:12:12 -0500

So much for 401k's. Considering all the benchmarks based on prior performance was over the last 20-30 years. We be screwed.

Matt Joyce

Mon, 22 Sep 2008 11:45:26 -0500

So now we have state owned banks... because a bunch of idiots got grifted by a bunch of idiots... and left a bunch of idiots flat broke. And as a result... I not one of the aforementioned idiots... is expected to take full responsibility for all of the idiocy? Fuck that noise.

kinglearsjester

Mon, 22 Sep 2008 11:02:40 -0500

I, too, would like to change my status into a bank holding company, so that the fed can bail me out whenever I got too greedy and frivolous would my expenses and go bankrupt.

babyhitler

Mon, 22 Sep 2008 09:15:14 -0500

Damn! say goodbye to skyrocketing bonuses from the risk taking ability of IBanks. Now Ibankers are mortal like commercial bankers. It must suck for the newbies thinking they were going to make crazy money from goldman. They'll still make bank but not in the crazy stratsophere like before. This is just like the Internet collapse of the late 90's. I was glad I got in and out before everyone got wise that it was all a sham. I always knew that Ibanking didn't make any sense. I think everyone knew, But they were willing to drink the brokers kool-aid and now they are left with financial cavities.

joshing

Mon, 22 Sep 2008 09:13:05 -0500

It also makes monkeys fly out of people's backside.