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?
