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BREAKING: Goldman, Morgan Switch To Bank-Holding Firms

The Federal Reserve says it has granted a request by the country's last two major investment banks Goldman Sachs and Morgan Stanley—to change their status to bank holding companies. The change in status will allow them to create commercial banks that will be able to take deposits, bolstering the resources of both institutions. read more | digg story

Hong Kong Nightclub's Indoor Firework Show Kills 43, Injures 88

A fire that broke out late Saturday inside a nightclub near the Hong Kong border caused a stampede of panicked partygoers trying to escape killing at least 43 people, and leaving more than 88 injured. What caused the inferno is said to be fireworks which were a part of a show featured inside the nightclub. read more | digg story

Taxpayers Mad As Hell, And Not Going to Take This Anymore

US taxpayers may be on the hook for one of the biggest frauds in US history. Taxpayers are mad as hell about the US government's decision to bail out Wall St with $700 Billion US dollars leaving the taxpayer on the hook. Reminds me of the movie Network 1976 with everyone screaming "I'm Mad As Hell And I'm Not Going to Take This Anymore". read more | digg story