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The Federal Reserves announced Sunday night that applications by Goldman Sachs and Morgan Stanley to become bank holding companies were approved. The approval is still subject to a five-day anti-trust waiting period. The Fed said the decision was made to "provide increase liquidity support"...
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Wednesday Goldman Sachs became the latest "authority" to say that the United States may be slipping toward an outright recession , and that the housing and credit market problems would be the primary cause. In a research report Goldman Sachs said that the latest economic data indicate that the recession...