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Edmundo Braverman's picture

SCORCHED EARTH! Forbes points death ray at MS, GS

Scorched Earth.jpg

Nothing like piling on! In the scramble to be the first to write the next Wall Street obituary, Forbes fires the opening salvo at Morgan Stanley and Goldman Sachs.

http://www.forbes.com/business/2008/09/15/banking-goldman-morgan-biz-wal...

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joemontana's picture

Cool. Now I have something

Cool. Now I have something to talk about during my interview with MS on Thursday.

Edmundo Braverman's picture

Always glad to help...

You're welcome!

aloki's picture

Funny. Last year I remember

Funny. Last year I remember asking banks (pure-plays) how they'll remain competitive with the universal model and while people remarked that it was a good question, I could sense that I was being scoffed at. Bankers have always thought themselves far superior to the commercial guys. Now look at what's happening... Absolutely crazy. If someone told me this a year ago I would've laughed in their face. Who knew that last August would set in motion a sequence of earth-shattering, history-making events?

aloki's picture

I would honestly be

I would honestly be surprised if I didn't see something similarly shocking occur within the next few weeks.

Devils Advocate's picture

ibd?

joemontana wrote:

Cool. Now I have something to talk about during my interview with MS on Thursday.

Are you interviewing for IBD?

joemontana's picture

Nah man. Just PWM Assoc.

Nah man. Just PWM Assoc.

yesman's picture

who would not love to see

who would not love to see paulson have to refuse to bail out goldman? though he'd probably be keen on killing MS