The Peoples' Republic of Morgan Stanley

[Bonestorm]

Posted without comment:

NEW YORK (AP) -- Morgan Stanley, the No. 2 U.S. investment bank, reported a $9.4 billion writedown on Wednesday from bad bets on mortgage-related debt, leading it to take a $5 billion infusion from an arm of the Chinese government.


http://biz.yahoo.com/ap/071219/earns_morgan_stanley.html

 

[uscitizen]

where is AHZ ?

also doesn't all this junk loan thing cause less tax revenuse ?

 

[Topspin]

I own Goldman Sacs, Morgan Stanley is trash