Heightened concern about the health of big institutions and the need for direct government support has led to some startling ideas.
On CNBC Hugh Hendry, Partner and CIO at Eclectica voiced a huge concern about Goldman and Morgan . He said, “I don't wish to spread alarm but the big issue confronting the market is, I'm afraid, the health and sustainability of Morgan Stanley and Goldman Sachs. It is unimaginable that they can be allowed to go, (but) I suspect that they will be nationalized at some point today or over the weekend," he added.
(Please note that Hendry is known for his market pessimism. Should you like to see the entire interview or his comments in greater context please watch the video.)