Well it now looks like the necessary vehicle is in place which will allow the transfer of good assets to the elitist Bankers and the bad assets to be transfered to the dumbass American public. When it is in their best interest to get things done, sh!t happens overnight, but the are still having trouble delivering ice to Galveston Bravo Bush!
Sun Sep 21, 2008 10:12pm EDT
PHILADELPHIA (Reuters) - Goldman Sachs Group Inc (GS.N:
(http://www.reuters.com/stocks/quote?symbol=GS.N), Profile, Research, Stock Buzz) said on Sunday it would become the fourth largest bank holding company and would be regulated by the Federal Reserve.
Goldman said it would move assets from a number of strategic businesses, including its lending businesses, into an entity called GS Bank USA that would have more than $150 billion in assets.
GS Bank USA would be one of the ten largest banks in the United States, with assets that are fully funded for term and available to funded by the Federal Reserve.
Goldman said it intends to grow our deposit base through acquisitions and organically. (whatever the fu@k that means)