bloomberg.com:
July 8 (Bloomberg) -- Morgan Stanley plans to repackage a downgraded collateralized debt obligation backed by leveraged loans into new securities with AAA ratings in the first transaction of its kind, said two people familiar with the sale.
Morgan Stanley: Summary | OpenSecrets
Collateralized debt obligation - Wikipedia, the free encyclopedia
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Asleep at the switch again?
Where are the regulators? Where is congressional oversight? Barney? Dodd? Hello?
Where is Obama?
Attending the G-8 conference doing gawd knows what.
IMHO, the existence of BRIC now renders anything done at the G-8 moot.
he is in crawford
cutting bush
mark to market dumb dimb
that is what the repugnos wanted in their cc bill
Well. . .it's nice to see things getting back to normal. . .at least for a select few. ..
I thought the deal was to loosen credit for Main
Street....
Public flogging needs to make a comeback.
And the "stocks," too. The play on words alone is almost too delicious considering they'd be filled with "traders." (traitors.
ROFL! OUTSTANDING! LMAO
great word plays!
Where regulations fails, we can hope caveat emptor prevails.
Thanks M0rgan St@nley for providing more evidence of Misrepresentation of products!
That is a Fraud Felony Cr!ime and you like the rest of the Commercial Banks MUST be Tried and Convicted to stop this FIASCO of "Mafia-Type" Crime!
Chef Martha served time for far less, and hers was not premeditated!
Morgan--the front bank for the Bank of England (rothschild) here in the US.
If true, this is absolutely galling and outrageous! Doesn’t a AAA rating or for the matter the whole rating system mean anything anymore? I am just sickened with what the ethics of our great country has come to. On top of all the shenanigans being perpetrated by management of big business, the very institutions whose sole job is to provide some level of assurance to the public (S&P, Moody’s for rating financial instruments; CPA firms for certifying proper financial records) are being duplicitous and complicit in this wholesale fraud. It’s extremely disheartening, and there just does not seem any end to it.
Like anyone's going to buy anything that comes from an American investment bank except another American investment bank.
And then we'll bail them out. See--it's the great circle of life...
That's their plan...
...and as long as it keeps on working for 'em...they
Junk always makes a come back. The Junk Bonds of the 80s became the credit default swaps of today. These guys will always find a way to make money off of cr.ap
Watch the fertilizer market swell up now.
And someone hire Barry Bonds!
when the investors lose their money the govt. should not bail them out.
This ain't rocket science folks: If nothing really changes, the same thing keeps happening.
And the people in Washington are being well paid by the people on Wallstreet to assure that nothing really changes.
It's a win-win-but everyone else loses game that's working our just fine so for the people in Washington and Wallstreet.
And as for the rest of us: Just keep paying your taxes and feeding your pension funds and noboby gets hurt. They are robbing us all blind. They have even figured out how to steal from future generations through deficit spending.
It's working so well for them, why would they stop?
FANNED!
Well Said!
BINGO!
Yup. as any parent knows, allowing this is the worst form of negative reinforcement.
Well, Obama, Giethner and Summers made this all possible by not breaking them up when they might have had the chance. They shoveled $$$$$$$$$$
Now, Obama says he want to "regulate" Godzilla. Guess what Godzilla is saying??????
Get ready for the next "collapse". Now that they have our houses because Congress was too corrupt to pass any version of "cramdown", why wouldn't the Mega-banks do this?
After all, it's capitalism in all it's glory! And we loves Capitalism, don't we? Yar!
Why is this aproblem barney doesn't think it caused a problem in the past?
Oh, it's no problem...
No, no, there's green shoots, light at the end of the tunnel, a rainbow and a pot of gold all watched over by day-glo fairies (no, wait--that was the 60s).
Anyway, Hoover told America the same things. If you were looking for the Depression, you were two weeks late!!
Now we have Obama and Wall Street telling us the same thing while the criminals are setting up another shell game on the corner. Watch out for this Fall. We are far from out of danger, and it will get much worse--especially now that Obama has capitulated to his Wall Street masters.
Geepers...
LMAO! Or any stupid enough to actually buy this shiite? Anyone who does should be made to listen to Krugman, Roubini, and Hudson until their ears bleed.
AMEN to THAT!
Add James Galbraith to that list...
If there are, it's because they don't buy this stuff.
Well, haven't we been telling others like ourselves to put their money, if they have any, into credit unions, and take it out of the majors? You'd think the big sophisticated investment managers of world wide funds would see a bus coming? That's what gets me when the neos want to blame the meltdown on homeowners. How sophisticated are we? But those 50 million dollar a year guys actually bought this k.rap by the truckload. So how smart does that make them and how much of the blame for where we are do they deserve?!
(sorry, furby, i ranted...)
Heh...yep.
Very telling is that the UK and France put caps on the bankers' salaries and yet the USA just stopped
short of it. Why may I ask. Because they are crooks.
because it would be bad for american politicians to BITE THE HAND THAT FEEDS THEM
In 1980 Wall Street made 20 TIMES what an Average American worker made and now it is 400 times.
In UK it is NOW 22 Times the Average UK Worker
In Canada it is Now 20 Times the Average Canadian Worker
In Japan it is 11 Times the Average Japanese Worker
We are being taken by these "Maifia-Style" TH_UGS that call themselves Bankers!
Philip, still "shilling" for the people, I see? What are you, some kind of Constitutional advocate? We don't want justice here anymore. If we did we'd do something about it! Exactly what, I don't know, but something. So stop telling us the truth. It makes my head hurt.
Good post....bu
Quite interesting that most of these problems were born in the London office of AIG FP, huh?
So stop them! Don't let them do it! WTF??
Yeah! Let's elect a president who will change things....
Ummm, wait a minute...
(I agree with you btw!)
tell us what bush did for 8 years
one thing
i dare you
When this collpses again its gonna be even worse... what are they thinking???
What are they thinking? "Since we got bailed out, let's see who we can screw with these worthless securities; remember: double the money, double the profit."
and DOUBLE THE PLEASURE!
Yes but when it does they will just blame bush,they just haven't beat that to death just yet!
OK, sparky...h
GO AHEAD.
Well, since the republthugs are still running against Clinton, there's precedent ... probably gonna' be with us for a while yet.
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First Posted: 07- 9-09 08:34 AM | Updated: 07- 9-09 08:38 AM