This is THE BIG question that is being asked by many all over the world, today! Yes or No? With the latest developments with the last standing BIG 2, Morgan Stanley and Goldman Sachs Group Inc., we are forced to believe so!!
On Sunday, Sept. 22, 2008, the standalone investment bank died quietly, after a brief but dramatic illness. It was 75 years old. Hope you all know which one I am referring to here!!
On Sunday night, Goldman Sachs and Morgan Stanley said they would become bank holding companies, submitting to the authority and oversight of federal banking regulators. After the collapse of Bear Stearns, the bankruptcy filing of Lehman Brothers and the agreement by Merrill Lynch to be acquired by Bank of America, Goldman and Morgan were the last remaining investment banks. Goldman noted that the move would make it the fourth biggest bank holding company in the U.S. Morgan said it was seeking “maximum flexibility and stability to pursue new business opportunities as the financial marketplace undergoes rapid and profound changes.”
Christine Harper and Craig Torres at www.bloomberg.com says “The Wall Street that shaped the financial world for two decades ended last night, when Goldman Sachs Group Inc. andMorgan Stanley concluded there is no future in remaining investment banks now that investors have determined the model is broken.”
For more reading:-
- Bloomberg.com - Goldman, Morgan Stanley Bring Down Curtain on an Era
- Business Week - And Then There Were None
- CNNMoney.com - Goldman, Morgan Stanley To Convert To New Model
- MoneyControl.com - Fed bailout of Goldman, MS: End of I-Bank Era
I always wanted to be an investment banker. The very reason why I wanted to do my MBA was for this! Now what? What should be my long term and short term goals? I will have to readjust myself before the BIG interviews!!
You can find more details, with images and videos at the following links.
- A Fresh Take on the Browser.
- First Images of Google Chrome.
- Google Tackles Microsft in the Launch of Browser.
- A book - Google Chrome, By the Google Chrome team, comics adaptation by Scott McCloud
The Google browser takes direct aim at Microsoft's Internet Explorer, which is by far the most widely used browser. In recent times, Mozilla Firefox has gained popularity as an alternative to Internet Explorer. Firefox holds nearly 20% of the market, compared with about 72% for the Microsoft Internet Explorer. The main reason for the 72% market share for Microsoft is because it comes installed for free with the windows operating system.
With this one and the slated Google Operating System to come, Google is trying to take control of the entire World Wide Web. With all these, what I feel is that this will be just another way to invade the privacy of the internet users. Already Google is collecting a lot of information (such as the user's browsing habits, web history, search history etc) through their internet explorer toolbar. With their own browser, this will be come just too easy for them!
Update :- 03/09/08
After the initial hiccups with Google Chrome, finally it is available for download here.
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