Thursday, September 18, 2008

Is Morgan Stanley Next?

Morgan Stanley in talks as fear grips financials

According to a report this morning from Reuters, Morgan Stanley is discussing a deal with Wachovia, and CNBC said HSBC Holdings and China's CITIC Group were also eyeing Wall Street's second-largest investment bank.

We lost #3, #4 and #5 in the last few months. #2 is about to go?

Well, "go" and "lost" may not be exactly right, since ML didn't go anywhere, it was sold.

What a mess.

Where were the regulators during all of this subprime nonsense?
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