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Morgan Stanley Defaults
17 hours ago ago from The Agonist - thoughtful, global, timely
That headline got your attention, didn't it? Bloggishly irresponsible of me, I know, to alarm people about Morgan Stanley defaulting. The responsible, grown up media handle these things much more professionally. They talk about Morgan Stanley having to "Give Up" five San Francisco office buildings to their lender, because they were bought at the peak of the market and have lost about half of their value. The bank that holds the mortgage on ...
Related contentMorgan Stanley Chief John Mack Forgoes Bonus Again
18 hours ago ago from Wall Street Pit
Morgan Stanley (MS) Chief Executive John Mack has decided to forgo his year-end bonus, citing the billions of dollars in taxpayer aid that the Wall Street firm accepted little more than a year ago. (Morgan Stanley received $10 billion in TARP funds which it repaid in July.) Given this...
Related contentCitigroup, J.P Morgan Chase, Morgan Stanley and Other Firms Added to Investigation of Goldman Sachs over "Front-Running" of Research
19 hours ago ago from Stock Broker Fraud Blog
The Financial Industry Regulatory Authority ( FINRA) has launched an investigation into improper trading in advance of stock research and ratings at Citigroup, J.P. Morgan Chase, Morgan Stanley and ten other financial firms, it was reported today by the Wall Street Journal and Reuters News Service. FINRA - formerly the National Association of Securities Dealers (NASD) – has since August examined weekly meetings at Goldman Sachs where ...
Related contentThe Bottom Line On "Strategic Defaults"
20 hours ago ago from The Foreclosure Defense Blog
I'm getting tired of the moralistic nonsense being espoused from the media and the usual band of hypocrites about "moral obligations" to meet your payments on underwater property. Exactly why is it that you have a moral or ethical obligation to banks to continue to pay - whether or not you can afford to do so - when the very same banks have no hesitation to walk away when it is in their interests to do so? Dec. 17 (Bloomberg) -- Morgan ...
Related contentMack Tells Morgan Stanley He Won’t Take 2009 Bonus (Update3)
3 hours ago ago from All About Work & Financial
John Mack, Morgan Stanley’s chairman and chief executive officer, won’t accept a bonus for a third straight year amid predictions his bank will report an annual loss and public pressure to rein in Wall Street pay. Mack, who will hand off his CEO job to James Gorman at the end of the year, cited “this unprecedented environment” in a memo to employees today that was confirmed by spokesman Mark Lake. Mack gave up his bonus in 2007 after the ...
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Morgan Stanley's Mack Won't Receive 2009 Bonus - FOXBusiness.com
19 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Finance Friday, December 18, 2009 Morgan Stanley's Mack Won't Receive 2009 Bonus  By Matt Egan FOXBusiness  Morgan Stanleyâs ( MS ) ...
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