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CRISIS ROOM. Flash sunday night: Goldman Sachs, Morgan Stanley change to commercial banks, investment banks dead

by SOLARLIFE | September 21, 2008 at 11:58 pm

283 views | 5 Recommendations | 7 comments

Wall street Flash......Sept-22

CRISIS ROOM. sunday night: Goldman Sachs, Morgan Stanley change to commercial banks, investment banks dead. .....conversion

Reason: Only commercial banks like Bank of America can get money from FED and use Saving accounts collateral for credits

Wall street: Standard 110 Volt AC "money plug" !!!

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$ COMMERCIAL BANK $ COMMERCIAL BANK $

Goldman Sachs Morgan Stanley

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Classic Wall street Investment Bank dead......

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Barry ORegan

flagged this story as Good Stuff

at 04:32 on September 22nd, 2008

SOLARLIFE, I like this story. It's good stuff.

SOLARLIFE

at 05:28 on September 22nd, 2008

Thanks Barry for Flag "CRISIS ROOM. Flash sunday night: Goldman Sachs, Morgan Stanley change to commercial banks", they wnat your savings now for financing. Attention they keep only 3-10% coverage in the bank the rest goes to the int'l gambling hall.

شبه الجزيرة العربية (not verified)

at 06:04 on September 22nd, 2008

Western economic model all smoke and mirrors! Big lie!

SOLARLIFE

at 09:29 on September 22nd, 2008

شبه الجزيرة العربية (not verified), = Arabian peninsula (explainer)

SOLARLIFE

at 09:26 on September 22nd, 2008

شبه الجزيرة العربية (not verified), thanks, your comment "Western economic model all smoke and mirrors! Big lie!" pls verify, than we can chat. Arab world is in same proplem, what are your proposals for world economy? [The Arabian Peninsula , Saudi Arabia your Translation]