Discussion in 'Wall St. News' started by payup, Sep 21, 2008.
What the heck does that mean?
They are going to buy out a retail bank?
trying to understand it too
Means they have the full backing of the FED just like a normal bank.
Extremely bullish for both shares they will survive now.
I think it means that they are in a better position to receive funding directly from the Fed.
They will be able to open reg. bank accounts for clients with FDIC insurance. Plus, with the banking, they will have a continuos flow of depositors money.
Nice. so they are going to open up Goldman Sachs bank branches?
i think it means they can give out toasters and blenders with CDs now. great!
Just saw a headline on DJ :
"NY Fed to extend credit to Goldman, MS & ML"
Why this had to happen on a Sunday night, i don't know....
Classic I want my GS branded toaster.
Separate names with a comma.