Old Project Avalon Forum (ARCHIVE) - View Single Post - Goldman, Morgan to Become Bank Holding Companies

QUESTINY · 09-22-2008, 02:48 AM

I think that was a bluff to force the issue. Now GS and MS can acquire FDIC failing banks ad naseum. I look for the 10% depository rule to be suspended also in the weeks to come.

WM will probably be acquired by GS this week and WB by MS.

Forced mergers via FDIC action will be the rule of the day. That way they do not have to be listed as "failures" and the acquisition costs now shift from shareholder liability to taxpayer liability.

09-22-2008, 02:48 AM	#3
QUESTINY Avalon Senior Member Join Date: Sep 2008 Location: Nebraska Posts: 407	Re: Goldman, Morgan to Become Bank Holding Companies I think that was a bluff to force the issue. Now GS and MS can acquire FDIC failing banks ad naseum. I look for the 10% depository rule to be suspended also in the weeks to come. WM will probably be acquired by GS this week and WB by MS. Forced mergers via FDIC action will be the rule of the day. That way they do not have to be listed as "failures" and the acquisition costs now shift from shareholder liability to taxpayer liability.