Paulson Debt Plan May Benefit Mostly Goldman, Morgan (Update2)

Sept. 22 (Bloomberg) -- Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries of the $700 billion U.S. plan to buy assets from financial companies while many banks see limited aid, according to Bank of America Corp.

``Its benefits, in its current form, will be largely limited to investment banks and other banks that have aggressively written down the value of their holdings and have already recognized the attendant capital impairment,'' Jeffrey Rosenberg, Bank of America's head of credit strategy research, wrote in a report dated yesterday, without identifying particular banks.

Wouldn't you just know that a name like Jeffery Rosenberg.. would be quoted by Bloomberg.

Hang 'em all.. Let God sort it out.

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