credit crisis...

So the financial crisis is THAT big as a result Goldman Sachs and Morgan Stanley have to seek refuge and become bank holding institutions. Wow! In the older, pre-merger days, there were JP Morgan, Smith Barney, Bear Stearns, DLJ, Salomon Brothers, Dean Witter, bla bla bla... so high flying, arrogant times is over, maybe it is a good sign out of all the bad news.

Anyway, I also read somewhere (probably a Chinese web site) that the American government's bailout is like a "socialist" market methodology LOL... I guess Milton Friedman would be rolling in the grave, but I am ABSOLUTELY NO FAN of him tho.