Goldman Sachs and Morgan Stanley have indicated their companies were hoping to return bailout funds as quickly as possible, on worries government may intrude further in their business. (Subtext...living on 500K salaries, no more 1st class hotels, junkets...gee, maybe they can make it on their own after all struggle on their own.)
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Hi Tammy
ReplyDeleteAmazing isn't it that all of a sudden the banks aren't so desperate for the funds. I wonder what might have happened if as a condition of the funds, all of the Board Directors had been made to re-apply for their jobs.... I suspect the bail-out would suddenly have been a LOT smaller!
Peter