I Am Spartacus

First, Goldman and Morgan decided to be banks - not a big stretch. Today, the WSJ reports that GMAC wants to be a bank so it too can get federal money through TARP. And, this afternoon, CNBC reports that Ambac, a bond insurer, wants to be treated like a bank so it too can get federal money through TARP. (When I say federal money I mean tax payer money.)