Party is over

First thing first, I want to say that I really should have graduated earlier. The past year unfolded a big scene that I could not be in, and today officially announced was the news equivalent to saying “babies, party is over.”

Goldman Sachs and Morgan Stanley, the last two standing i-banks on the street, will no longer be i-banks on Monday. See the news here. Everything is to be regulated and Uncle Same says no more laissez-faire banking. Maybe it was the repeal of Glass-Stegall that should be blamed, after all.