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Goldman & Morgan "May Proceed Immediately"
Sep 22, 2008

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Todd Sullivan

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After announcing yesterday that Goldman Sachs (GS) and Morgan Stanley (MS) would need to wait five days, the Fed just rescinded that and said "the transactions may be consummated immediately".

Says the Fed:


Based on consultation with the Department of Justice regarding the applications of Goldman Sachs and Morgan Stanley to become bank holding companies, the Federal Reserve Board announced on Monday that the transactions may be consummated immediately without the application of the five-day antitrust waiting period.

by Todd Sullivan (Value Plays)

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