Last Big Investment Banks Change Status

The Federal Reserve announces that it will allow Goldman Sachs and Morgan Stanley to change their status to bank holding companies, giving the embattled companies the ability to create commercial banks to take deposits, bolstering the resources of both institutions.
I think Goldman Sachs is a liable company in my opinion but I'm not to sure about the decision entirely. I think the "bailout" is a terrible idea. Goldman and Morgan Stanley will be able to set up commercial bank subsidiaries to take deposits, and also have the same access as other commercial banks to the Fed's emergency loan program. Let's also not forget to think that they may not charge ordinary account holders with ridiculous late fees and interest rates for loans......