Armed length transaction? Fuck no!

Goldman, Morgan Stanley to Become Banks, Improving Access to Deposits, Fed [Bloomie]

The panic that influenced these moves is becomng palpable. Do you sense it?

Stick saves each day to react to some new “impending disaster” (although they neve use THAT word). Who is paying heed ot the unintended consequences?

And Asshole Hanky (Panky) Paulson wasn’t even elected…  but he apparently has an ulimited supply of rope to hang us all with.

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