Goldman Sachs Morgan Stanley
Things continue to change on the financial forefront as the federal regulators convert the last of the giant financial stand-alone investment banks into bank holding companies.
What does this hold for the future?
Like the slowly melting polar ice shelves these financial investment banks have endured for decades and decades. Are the current changes simply a sign of a major shift in economic policy and the end of finance and business as we have known it?
Look around people. Big banks are buying up small banks before they go under. Even larger banks are buying up the big banks and their debt loads too.
I remember when thinking the Dow might hit 2000 was considered a pipe dream, yet now one day of fluctuation might shift 500 points.
Can we or our economy and society survive the next big rumblings that come to the surface?
I like to, want to think we can, but the process of assuming debt and then printing more money seems to be in a self-defeating spiral right now. I fear we may simply be putting a band-aid on a much larger wound.
Where did OUR gold standard go?
This with the SOCIAL BOOKMARKING CONSOLE