Goldman Sachs and Morgan Stanley — to change their status to bank holding companies.

[rgG]

OK, let 'er rip. What do you think of this latest maneuver to bolster Wall Street.

Extraordinary actions by the Federal Reserve Sunday evening to allow the two banks full access to the emergency discount window open to commercial banks, along with that of the London broker-dealers of Morgan and Goldman (and including Merrill Lynch) was meant to send an unambiguous message that the Fed was not going to let these institutions fail while they made the transition to becoming commercial banks.

Here's the link to the facts as of now:

http://www.cnbc.com/id/26828495