When Goldman Sachs and Morgan Stanley were forced to convert to commercial banks, many people proclaimed is was the end of an era. But this much is still true, the esteemed, historic banks are still on top of the Wall Street heap. Bloomberg notes that Morgan Stanley' stock has risen 30 percent this year, while Goldman Sachs' stock has gained 7 percent.

Compare that with some catastrophic meltdowns by the likes of Bank of America and Citi. Goldman and Morgan of course are unburdened by the consumer debt that hangs over the other banks. There's even talk that Goldman and Morgan may move to quickly repay their TARP funds, though some have suggested the terms were so good they're better off not doing so. 

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