And if you think it can't get worse, read this:
The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks — Goldman Sachs and Morgan Stanley — to change their status to bank holding companies.
What does that mean? It means, if I'm understanding this correctly, and I think I am, that they don't have to go down in the flames they deserve - nope - they get a piece of the $700 billion dollar pie that us taxpayers will be paying.
Isn't that special?
1 comment:
My butt hurts (to use polite parlance)
Post a Comment