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Life Returning to Before the Glass-Steagall Act

"Goldman Sachs and Morgan Stanley, the last big independent investment banks on Wall Street, will transform themselves into bank holding companies subject to far greater regulation, the Federal Reserve said Sunday night, a move that fundamentally reshapes an era of high finance that defined the modern Gilded Age."

For the remainder of the article, click HERE. It is definitely worth a read.

So, I ask: how do you think changes at Goldman and Morgan Stanley are going to impact those of us who are going into corporate transactional work? The NYT thinks that the free-wheelin' days are all over for those on Wall Street. What's that going to mean for us?

Full post as published by Nuts & Boalts on September 22, 2008 (boomark / email).