Goldman Sachs.
---- Original Message -----
From: "Jim Devine" <[EMAIL PROTECTED]>
To: "Progressive Economics" <[email protected]>
Sent: Tuesday, September 23, 2008 9:44 PM
Subject: Re: [Pen-l] Will the Cure be Worse Than the Crisis?
MICHAEL HUDSON writes that:
Anticipating
congressional capitulation in this license to engage in predatory credit,
the latest Sunday evening surprise is that Treasury Secretary Henry
Paulson's own firm, Morgan Stanley, is to become bank holding company
picking up the financial wreckage now that the government is covering the
bad loans and investment gambles Wall Street has made.
US NPR (via Daniel Gross) reported that Paulson was with Goldman
Sachs, not Morgan. Which is it?
--
Jim Devine / "Nobody told me there'd be days like these / Strange days
indeed -- most peculiar, mama." -- JL.
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