What do the candidates propose?

Will candidates’ financial plans work? – CNN.com (CNN) — In the wake of the country’s financial meltdown, Sens. Barack Obama and John McCain have been telling voters they’ll fix the economy while their opponent would only make it worse. As the economy dominated voters’ concerns, McCain and Obama stepped up the political blame game and […]

GS, MS to become banks

This is an interesting twist. Obviously, it means that Morgan Stanley will be subject to more stringent regulation, but I wonder what it fundamentally means for the business model. This will be really interesting to following over the next days/weeks/months. Goldman Sachs, Morgan Stanley To Be Bank Holding Companies – WSJ.com The Federal Reserve said […]