Goldman Sachs and Morgan Stanley Are Bank Holding Companies
In the final destruction of all the wonderful laws passed by a thoughtful Congress and Franklin Delano Roosevelt to protect the American people from the excesses and corruption that caused the Great Depression, your totally incompetent government taken the final steps to maximize the corruption of our financial system.
The last two major independent investment banking/ stock brokerage houses have now officially become commercial banks.
Don’t believe me? See:
http://federalreserve.gov/newsevents/press/bcreg/20080921a.htm
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