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The NY Times is reporting that both Morgan Stanley and Goldman Sachs are planning to change their corporate structure and become bank holding companies. This will significantly reduce their risk and increase oversight. It will also allow them to seek customer deposit dollars to fund their business.

It's outrageous. The bankers, who have royally screwed up the system are now lobbying Congress hard to get the very best terms they can on the deal. It's a free county and that's there right, but Congress should realize whose money it's playing with.

Is this the new paradigm?

Christopher Cox, Chairman of SEC, has banned short-selling in financials until October 2. Through previous bans, investors were still able to trade the Powershares SKF, the 2x levered short financial fund. Today, however, it was halted.

Treasury Secretary Paulson discussed his plan today to shore up the banks by using public money to buy toxic real-estate assets from their balance sheets. Here's how I think it should be structured so the mega-millionaires on Wall Street don't continue to suck money out of our pockets.

The AP has just released the following report. If it is true, it raises one important economic question - how $50 billion in Treasury assets can cover $3 trillion in new liabilities, and is the US government going to lose its credit rating between Fannie/Freddie and this?

I bet you didn't know that the money you stash in your savings account, cd, and checking account is like liquid gold to the financial world. It's what is separating the winners from the losers. So make sure you get the most from it.

Financial crisis, if played correctly, can be an opportunity to put yourself in a better financial position. Here are 5 tips to protect yourself and take advantage of adverse conditions.

When we left off, the evil forces of Dark Short had forced both Lehman Brothers and AIG to their knees. Fearing a slaughter at the hands of an unruly mob, Lehman had thrown the white flag, praying for mercy and hoping its body parts wouldn't be hacked to bits and scattered across the land...

I made the call on the Samsung bid for Sandisk. Now I am telling you what comes next.