Goldman, Morgan Stanley face litmus test
It's getting lonely on Wall Street.

Bear Stearns melted down in March and has disappeared inside JPMorgan Chase
& Co, Merrill Lynch absorbed more than $40 billion in write-downs and rushed
into the arms of Bank of America, and Lehman Brothers is being sold for
scrap after it declared bankruptcy on Monday.

Now investors and analysts worry whether even the largest securities firms,
Goldman Sachs Group Inc and Morgan Stanley, may be vulnerable as markets
lose confidence in the financial foundations on which investment banks are
built.


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