The thing about useful stuff is: I'd like a Goldman Sachs cheque book

I'd like a Goldman Sachs cheque book Monday, September 22, 2008

Image via WikipediaWith the news that Morgan Stanley and Goldman Sachs have converted their legal status into Bank Holding companies, they will be able to accept retail deposits.

Whilst it is unlikely they will, it might be a winner if they did, as there will be a certain snob value to having a Goldman Sachs cheque book and ATM card, which might pull in some image-conscious high net worth depositors.