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cors8 · 2008-09-22, 01:24

http://news.yahoo.com/s/ap/bank_change

The last 2 giant investment banks, Goldman Sachs and Morgan Stanley, are now classified as bank holding companies.

This means they can create commercial banks and are under regulation from the Federal Reserve.

2008-09-22, 01:24	Link #65
cors8 Kuu-chan is hungry Join Date: Apr 2007 Location: Raleigh, NC	http://news.yahoo.com/s/ap/bank_change The last 2 giant investment banks, Goldman Sachs and Morgan Stanley, are now classified as bank holding companies. This means they can create commercial banks and are under regulation from the Federal Reserve.