If you can't loot the Treasury one way, re-invent yourself

[formercia]

and come up with a new scam.

http://news.bbc.co.uk/2/hi/business/7628578.stm

US banks make shock status switch


The last two major investment banks in the US have changed their status to become bank holding companies, allowing them to take deposits from investors.

The changes should enable Goldman Sachs and Morgan Stanley to raise more funds by opening commercial banks.

The move - part of a huge restructuring effort on Wall Street - will also give them access to Federal Reserve support.

--snip--

Gimme a break.