Libertad

Why Did Warren and Hank Invest in Goldman?

Agreed....

Furthermore new business models will arise from Wall Street Past.

Firstly, the world's best companies are becoming more familiar in households, as it should be in a globalized economy.

Accounting will become more boilerplate, as will the legal aspects of floating all securities to any individual in the world, that has a decent connection to the internet.

The real question being why does a relatively intelligent individual that has access to the basic facts of a company need any form of broker?

Direct access technology has given the old turf of specialists and marketmakers to individuals....and anyone should be able to pay no more than 20 cents to transact 100 shares.

Anyone notice that it was largely GS who actually was causal in extremely high oil prices in that they provided the facility to both themselves and hedgefunds with excessive leverage and market means....and when the deleveraging requirements were imposed to become banks...that oil and other commodities were suddenly in a free fall ?

In short....the markets would be better off without the GS and MS's of the world. They are just a large expensive middeman there to game what could be a more honest system. The day should be over, whereby regulations and markets can be gamed...whereby insider is but is not insider information....along with employees in government....

Who needs or wants these conflicts....

Any qualified firm, should be able to walk into any qualified bank....fill out and maintain boiler plate forms.....

Furthermore all securities should be made available worldwide in the currency of choice....in denominations whereby any individual can participate....and information can be available via a Google-Wiki type model.

In short......who needs or wants the old Wall Street in the way of a better and more fair marketplace.

If GS wants to participate in management...they should list on the new exchange a management unit with a base price of $10....In fact there should be no more hedge funds or mutual funds. These "management" units should trade as shares in full view of the public....and readily liquid.

GS, MER, MS, etc are dinosauers.....and should be extinct....