The man who predicted this whole mess, Nouriel Roubini, reiterated his prediction this morning that all the major independent broker-dealers would disappear. Two have now gone, which leaves two more: Goldman Sachs (GS) and Morgan Stanley (MS).
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Nouriel told us on TechTicker this morning that Goldman and Morgan should be reaching out to potential bank partners today (HSBC, Barclays, etc), before it's too late. In a later installment, we discuss the Goldman and Morgan situation in detail, but here's an overview:
