they want deposit insurance?

Morgan Stanley, Goldman Try to Figure Out Next Step – Earnings * US * News * Story –

The assets must really be toxic.

Or maybe trust has completely left the financial markets.

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2 Comments on “they want deposit insurance?”

  1. OmegaMom Says:

    Yah, that was veeery interesting. I’d say *both*.

  2. gh1f Says:

    Yes. When will institutions/traders/investors start trusting what they are buying? I guess we are trying to replace private financial institution’s credibility with the government’s credibility. But that is going to cost the government some credibility. Probably a lot.

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