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

[mikeylikesit]

$tevie wrote:
The way I understood it, I thought it sounded good. This means they have to stop playing all those leverage games that I've never been able to grasp, yes?

I don't think even they know right now, they're in panic mode. That they would propose such a fantastic commitment of public money and insist on a free hand with no oversight is clearly bad public policy.