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Title: the death of investment banks. Post by: Aske on September 22, 2008, 01:36:24 AM http://dealbook.blogs.nytimes.com/2008/09/21/goldman-morgan-to-become-bank-holding-companies/?em
Title: Re: the death of investment banks. Post by: Aske on September 22, 2008, 01:44:39 AM i really don't get it. who's gonna prop up these company's stocks so they can 'bail themselves' out?
Title: Re: the death of investment banks. Post by: Aske on September 22, 2008, 01:50:51 AM new thought, if these companies are "too important to fail" then they NEED to be "de-corporationed" (there HAS to be a word for that?) across the board, as an industry, in one fell swoop.... leave none behind, and get it over with like ripping a band-aid off.
the nature of maximizing short term shareholder value is inherently contrary to long term solvency and stability that is being argued for as critical. Title: Re: the death of investment banks. Post by: twoiron on September 22, 2008, 04:33:46 AM mehh
Title: Re: the death of investment banks. Post by: gleek on September 22, 2008, 07:01:32 AM But long is it going to take for Goldman and Morgan Stanley to acquire enough retail banking accounts for their new classification to even matter?
Title: Re: the death of investment banks. Post by: gleek on September 22, 2008, 07:04:59 AM I see. They'll do it the old-fashioned banking way--by acquisition.
Quote By becoming bank holding companies, Goldman Sachs and Morgan Stanley gained some breathing room in the immediate term. But the change also may lay the groundwork for additional deal making. Given the number of bank failures expected this year, it is possible that Goldman and Morgan Stanley could seek to buy those banks cheaply in a “roll-up” strategy. Title: Re: the death of investment banks. Post by: MFAWG on September 22, 2008, 07:10:32 AM I wanna know why nobody has jumped out of a window yet...
Title: Re: the death of investment banks. Post by: gleek on September 22, 2008, 07:38:00 AM Because of the safety net:
(http://hightowerlowdown.civicactions.net/sites/hightowerlowdown.civicactions.net/files/07_SafetyNet_cartoon.gif) |