Friday, 10 October 2008

Morgan Stanley and Goldman Sachs




Mogan Stanley and Goldman Sachs are the world's largest financial services companies. They are both feared to be at risk of collapse. If either or them collapses it will make the Lehman Brothers collapse look small. It is unthinkable that this will be "allowed" to happen - note the "" around "allowed". With these bailouts right across the financial sector with no apparent means to finance them you might well compare keeping these insolvent companies alive with declaring Queen Victoria to be alive and well, and reviving the British Empire.

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