AND THEY ARE FRONTS FOR OPAQUE HEDGE FUNDS THAT HIDE THEIR ASSETS IN BYZANTINE ACCOUNTING STRUCTURES.

Paulson and Bush gave these investment houses schedule one Banks status during the crisis to prevent a collapse... I think it's time to revoke that.

syxforex 

And would people please wake up. goldman sachs and morgan stanley are f'n trading houses, THEY ARE NOT BANKS

William Jefferson Clinton that presided over the repeal of glass-stiegel I believe....nice!

When you take 100,000 accounting entities, owning bits of each other, a matrix of numbered accounts in offshore jurisdictions, it is impossible, read again, IMPOSSIBLE, to determine what is owned by who etc.....

syxforex 

AND THEY ARE FRONTS FOR OPAQUE HEDGE FUNDS THAT HIDE THEIR ASSETS IN BYZANTINE ACCOUNTING STRUCTURES. Paulson and Bush gave these investment houses schedule one Banks status during the crisis to prevent a collapse... I think it's time to revoke that.

strike the word fronts.

But if I remember correctly some of them where forced to take the money...but somebody got a sweat deal on Merrill Lynch.

goldman and morgan don't have any BANK BANK operations at all, so there is no reason for them to get access to free money from the fed. As for the mega-bank structure, as long as their are chinese walls between the different businesses of the parent company I don't see a problem with it.

wldman 

William Jefferson Clinton that presided over the repeal of glass-stiegel I believe....nice!

But that would require the evil socialist regulator as a matter of enforcement...

the old Chinese wall. That was effective. If you have no problem with it then you do not understand how things work or what was really going on. Just saying that the party of pin the tab on the taxpayer buttocks started a long time ago.

syxforex 

goldman and morgan don't have any BANK BANK operations at all, so there is no reason for them to get access to free money from the fed. As for the mega-bank structure, as long as their are chinese walls between the different businesses of the parent company I don't see a problem with it.

What do you define as Bank Operations? I worked for one of the two mentioned here and would happy to clarify for you.

syxforex 

But that would require the evil socialist regulator as a matter of enforcement...

had that regime in power for a while now...look what that has gotten us.

I guess one way to avoid QE4, QE5, QE6 ... is to make QE3 live forever and ever until everything is right in the world.

Mike