CALL TO ACTION
How about we say
no, they open a 'bank', and, no one comes to deposit. Then, there is no need to 'fear' a bank run .... the incentives might become quite interesting if they received NO customers ... yachts, condos, bags of dope, teenage sex stars, the possibilities of incentives might become quite entertaining.
When are we going to mock the handlers?
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http://biz.yahoo.com/ap/080921/bank_change.html
Last major investment banks change status
Sunday September 21, 11:02 pm ET
By Martin Crutsinger, AP Economics Writer
Federal Reserve changes status of Goldman Sachs and Morgan Stanley to bank holding companies
WASHINGTON (AP) -- 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.
The Fed announced that it had approved the request of the two investment banks. The change in status will allow them to create commercial banks that will be able to take deposits,
bolstering the resources of both institutions.
The change continued the biggest restructuring on Wall Street since the Great Depression.
The request for the change to bank holding companies was granted by a unanimous vote of the Fed's board of governors during a
late Sunday meeting in Washington.
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~ namaste ~