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
Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to
TOXIC COMMERCIAL REAL ESTATE- Morgan Stanley Real Estate
No BAILOUT for 'TOXIC REIT' Ponzi scams.
IN 2007,according to a New York Times article citing data from Thomson Financial, there have been $281 billion worth of private equity deals in the U.S. so far this year -- that's triple the amount compared to the same period last year, which ended up breaking all sorts of records.
FORT WORTH, Texas--BUSINESS WIRE--Feb. 13, 1998--Crescent Real Estate Equities Company (NYSE:CEI), one of the country's largest real estate investment trusts, today announced that it has completed the sale of 8 million shares of 6.75% Series A Convertible Cumulative Preferred Shares to Salomon Smith Barney. The offering generated...
April 21, 1998 Crescent Real Estate Equities Announces New Earnings Release Date
Explain this sale on May 22, 2007:Crescent Real Estate Equities Co. (NYSE: CEI)
Morgan Stanley Real Estate has agreed to acquire the Fort Worth, Texas-based REIT for a deal that totals $6.5 billion, including the assumption of debt.
Morgan Stanley Plans to Turn Downgraded Loan CDO into AAA Bonds
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 is selling $87.1 million of securities that it expects to receive top AAA ratings and $42.9 million of notes graded Baa2, the second-lowest investment grade by Moody"s Investors Service,
The next big crash, for sure.
People wonder why Russia does not like us
They are the only ones to honestly state it was the US that caused this Global Crisis that everyone wanted Obama to fix Jan 21, 2009
Isn't that right - all you Country First people?
And who is supplying the rating that will propel this pile of poop into the AAA gold plated k.rap they want to sell it as? I thought that our government was looking into those companies along with these predatory banks?
The same ones that rated all those derivatives and credit swaps that the Country First folks wanted to blame on low income housing
Yep...Fitch, Moody's, Standard&Poor's...will there EVER be an investigation into their complicity?
Gee, I thought all those Goldman guys that Obama has on his payroll were gonna look into that? Was I, gasp, mistaken?
Just a quick comment:
“John Pierpont Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker and art collector who dominated corporate finance and industrial consolidation during his time.”
“He is widely credited with having saved or rescued the U.S. national economy in general—and the federal government in particular—on two separate occasions. “
http://en.wikipedia.org/wiki/JP_Morgan
IMO JP Morgan would turn in his grave if he knew what the current folks at his company were doing. And he would not, IMO "turn in his grave" for a “re-REMIC”
And the rest of the story--Morgan 'save the govt' only after he had used his billions to manipulate the markets into huge panics so he could ride in on his white horse and make billions more. Morgan is also the guy who said that keeping people from owning homes was one of the best ways to control them. Not a nice man.
Off topic, I do love your cat, though. How did you get him to keep the glasses on???
Oooooooh, yeah...J.P. Morgan was a real prince.
"J.P. Morgan had started before the (U. S. Civil) war, as the son of a banker who began selling stocks for the railroads for good commissions. During the Civil War he bought five thousand rifles for $3.50 each from an army arsenal, and sold them to a general in the field for $22 each. The rifles were defective and would shoot off the thumbs of the soldiers using them. A congressional committee noted this in the small print of an obscure report, but a federal judge upheld the deal as the fulfillment of a valid legal contract."
"Morgan had escaped military service in the Civil War by paying $300 to a substitute."
Howard Zinn, "A People's History of the United States,1492-Present"
Bet you never read THAT in your corporate-produced public school history textbook, eh?
They were also the ones who lent the gov money during the depression since china didn't have any.
To the contrary, Morgan would no doubt be delighted since the government now pays when the private banking sector suffers a loss.
Eb, you are a delight!
'RETURN OF THE JUNK'...missed that one a first, but it caught my eye the second time around, thought it was about Jeb and Sarah...LOL
LOL.
Somethin' s happenin' here....what it is ain't exactly clear!
Lying thieves take all the money, greedy corporations send all the jobs away, corporate lobbyists own our lawmakers, and the government HELPS them all by huge tax breaks for the rich!
WHO'S MINDING THE STORE???
and the downward spiral continues. greed wins.. politicians are owned..
Sad, but true.
When I see the name "Goldman Sachs", I get a really creepy feeling! Those guys are nothing but cr00ks!! And they've got their smarmy hands in this!
You are just easily led. You think the bankers are the cr00ks and the politicians are as pure as the driven snow.
You obviously have not read any other posts of mine...like the one just above.
By just reading all the news or "lies" everyday it is apparent that the thieves are still in charge. Why did we ever think things could change or be different with the government owned by banksters, health care hucksters etc. Go figure.
And we wonder WHY the stimulus is not working as fast as it could have..... hmmmmm.
WHERE IS THE OVERSIGHT!?!?!?!?!?!?!?!?
more importantly ....
WHERE ARE THE ADULTS!?!?!?!?
Ask yourself why some of the states are simply dragging their collective feet in the sand in order to hold off on funding stim money projects. The stimulus is slow to work because some states are slow to enact.
The government should check into this and send anyone involved in it to jail. Wall Street has no shame.
They will never do that because then some of those government folks would be off to jail as well.
Scru_bbin to the left,
scru_bbin to the right,
scru_b scru_b scru_b,
they'll be scru_bbin all night,
there'll be a piece about it
on O'Re_illy tonight,
'cause this P0lice State scru_bbin
just ain't right.
dig
Well, one thing is for sure, we don't want to do anything that might upset Wall St.
It should be upset... we could then call it Floor St.
G0d forbid.
You worry too much. The "crater economy" button won't be pushed until Sept. 2012.
In the meantime, let's party!
Will some adult please put these criminals in jail?
I don't understand this stuff....
Does this mean they are going to do it to us again??? Where are the regulations???
Thunder says the legislation hasn't passed yet.
In the trash bin where Reagan tossed them 28 years ago.
No, it means they're doing it to us STILL.
Loading comments…
First Posted: 07- 9-09 08:34 AM | Updated: 07- 9-09 08:38 AM