Morgan Stanley and goldman to change their status

From Yahoo

So who exactly is going to start putting their hard earned cash on deposit with these guys?

I believe it’s to enable them to take over the retail operations of some of the banks that are going to go bust sometime soon (think WaMu and Wachovia). Whether the toxic stuff is deposited in Hank’s TARP (sound disgusting, doesn’t it?) first is another question. I would image the answer is yes for Goldman, anyway, as they seem to have a good line in providing treasury secretaries.