Would someone explain to me the short term and long term economic consequences of converting these stand-alone investment banks into bank holding companies. Today will very likely be a crazy trading day. Will the stocks go Up or Down? Any predictions? Source:http://money.cnn.com/2008/09/21/new...organ/index.htm
http://www.rgemonitor.com/roubini-m...an_and_goldman_now_being_converted_into_banks (use bugmenot.com for username and password) Roubini is the Nostradamus of the current crisis, he predicted ( http://media.rgemonitor.com/papers/0/12_steps_NR ) all this in February.