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The End of Wall Street As We Knew It

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The End of Wall Street As We Knew It While most of us were logging-in couch time and watching the Emmys on Sunday night, The Federal Reserve was hard at work to create a new measure that converted investment banks Morgan Stanley and Goldman Sachs into traditional bank holding companies. The two firms were the last standing independent investment banks on the street, and the conversion into bank holding companies truly marks the end of an era.

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