SoCalsurfbum

Goldman and Morgan Stanley: Banks of Choice - Barron's

Both their Level 2 and 3 assets are huge vs Equity where small losses wipe it out... both are still highly leveraged which they need to unwind (because they are now banks) in bad markets. And are they holding anything off balance sheet? You don't know.

GS has huge exposure to AIG (AIG just released a presentatin on this)... they changed business models to get access to government support (seems more desperate than strategic)... Banking is much less profitable than their old business. Combine that with how new and immature their banking business is and I wouldn't be too confident in their stock.

But besides that Mrs. Lincoln, how was the play?