2 ms·
> No, no distress here at all Sarcasm noted. I am not saying that there is no distress. But, all I have tried to do is give light to missing information. There
by bushido 12y ago
> No, no distress here at all
Sarcasm noted. I am not saying that there is no distress. But, all I have tried to do is give light to missing information. There is always some bias and opinions that bleed through.
But everything I have said is verifiable. If I mentioned something that is incorrect I would be happy to accept it and not repeat in the future.
Back to that email. It says "Goldman Sachs is now panicked because feel that if Morgan Stanley does not open", how does that statement in anyway prove that they had an internal reason to worry?
Again not saying that they were not distressed, the inevitable sell-off that would result from MS not opening was huge, and could possibly create a bank run and possibly lead to bankruptcy as all bank runs do.
But it does not indicate that there was a choice for GS/MS to be bank holding company. If anything the email itself notes that the option for them to be a bank holding company was unlikely.