Comments on: GS, MS to become banks http://www.flahute.com/2008/09/22/gs-ms-to-become-banks/ "The mountains are calling, and I must go." —John Muir Mon, 07 Nov 2011 11:02:59 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The Mop http://www.flahute.com/2008/09/22/gs-ms-to-become-banks/#comment-664 The Mop Mon, 22 Sep 2008 15:00:06 +0000 http://www.flahute.com/?p=1220#comment-664 I hear they are only at 24:1, but once Paulson buys up all the MBS...... Sorry, just trying to stick the fork where it hurts, Art.... Sorry. I hear they are only at 24:1, but once Paulson buys up all the MBS……

Sorry, just trying to stick the fork where it hurts, Art…. Sorry.

]]> By: Art http://www.flahute.com/2008/09/22/gs-ms-to-become-banks/#comment-662 Art Mon, 22 Sep 2008 14:49:26 +0000 http://www.flahute.com/?p=1220#comment-662 Basically they are saying Wall Street is broke and can't be fixed (thanks in large part to their actions). Now we are going to go run for the protection of the Fed. This is far from over, I am not sure how MS and GS at 30:1 leverage (a conservative estimate) can operate under the stricter banking regulations. Oh wait,change the rules! Basically they are saying Wall Street is broke and can’t be fixed (thanks in large part to their actions). Now we are going to go run for the protection of the Fed. This is far from over, I am not sure how MS and GS at 30:1 leverage (a conservative estimate) can operate under the stricter banking regulations. Oh wait,change the rules!

]]> By: The Mop http://www.flahute.com/2008/09/22/gs-ms-to-become-banks/#comment-659 The Mop Mon, 22 Sep 2008 14:09:18 +0000 http://www.flahute.com/?p=1220#comment-659 Wait.... It was a Toaster, not a calendar... Wait…. It was a Toaster, not a calendar…

]]> By: The Mop http://www.flahute.com/2008/09/22/gs-ms-to-become-banks/#comment-658 The Mop Mon, 22 Sep 2008 14:07:36 +0000 http://www.flahute.com/?p=1220#comment-658 CNBC said you were giving out calendars with a $50 deposit.... What is up with that... of course Later they retracted it. But I do hear you can get a GS debit card.... Wait, they retracted that too. CNBC said you were giving out calendars with a $50 deposit…. What is up with that…

of course Later they retracted it.

But I do hear you can get a GS debit card….

Wait, they retracted that too.

]]> By: flahute http://www.flahute.com/2008/09/22/gs-ms-to-become-banks/#comment-652 flahute Mon, 22 Sep 2008 12:01:32 +0000 http://www.flahute.com/?p=1220#comment-652 Local MS "loan" unit already is a bank (albeit, an industrial bank), with deposits insured by FDIC. I doubt it will become a true commercial bank, with branches open to the public, but if you have a brokerage account at Morgan Stanley, cash deposits in the bank deposit program are held at Morgan Stanley Bank. Local MS “loan” unit already is a bank (albeit, an industrial bank), with deposits insured by FDIC.

I doubt it will become a true commercial bank, with branches open to the public, but if you have a brokerage account at Morgan Stanley, cash deposits in the bank deposit program are held at Morgan Stanley Bank.

]]> By: The Mop http://www.flahute.com/2008/09/22/gs-ms-to-become-banks/#comment-651 The Mop Mon, 22 Sep 2008 10:40:37 +0000 http://www.flahute.com/?p=1220#comment-651 Local Utah MS loan unit to be turned into national bank? Local Utah MS loan unit to be turned into national bank?

]]> By: The Mop http://www.flahute.com/2008/09/22/gs-ms-to-become-banks/#comment-649 The Mop Mon, 22 Sep 2008 03:38:57 +0000 http://www.flahute.com/?p=1220#comment-649 Good catch... that is interesting. Good catch… that is interesting.

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