Morgan Stanley

Banks That Sold Bad Debt Also Bet Against It

New York Times | GRETCHEN MORGENSON and LOUISE STORY | Posted 12.24.2009 | Business


In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. M...

Wall Street's 10 Biggest Lies of 2009

Les Leopold | Posted 12.22.2009 | Business


Les Leopold

Not only are we richly rewarding those who wrecked our economy, but also, we have to put up with hundreds of fabrications about how the big banks got us here. Here is my biggest, fattest lies list for 2009.

Andrew Ross Sorkin: Morgan Stanley, Goldman Sachs Were On The Verge Of Collapse Last Fall (VIDEO)

Huffington Post | Grace Kiser | Posted 12.21.2009 | Business


Don't buy the assertions that banks like Goldman Sachs would have survived the financial crisis without a taxpayer bailout. According to Too Big To F...

John Mack, Morgan Stanley CEO, To Forgo A Bonus For Third Straight Year

AP | Michael J. Moore and Christine Harper | Posted 12.18.2009 | Business


NEW YORK — Morgan Stanley's outgoing CEO John Mack has declined a bonus for the third year in a row. In a memo sent to the investment bank's em...

Have We Forgotten How To March?

Les Leopold | Posted 12.21.2009 | Business


Les Leopold

Was the president signaling that it was time for progressives to form a visible protest movement against "fat cat bankers"?

Shahien Nasiripour

If Morgan Stanley Walks Away, Why Shouldn't You? Firm Walks Away From 5 Properties

HuffingtonPost.com | Shahien Nasiripour | Posted 12.17.2009 | Business


To the extent that Morgan Stanley is leading by example, the securities colossus is sending an unlikely message to underwater homeowners: Walk away. ...

Wall Street Tells the President of the United States to Bugger Off

Raymond J. Learsy | Posted 12.19.2009 | Business


Raymond J. Learsy

With the nation up in arms about the perversity of pouring billions into the coffers of the banks the symbolism of the three CEO's tone deaf failure to be present in Washington is beyond understanding.

The Year of the Man-Child

Catie Lazarus | Posted 12.16.2009 | Comedy


Catie Lazarus

What Did You Learn in 2009? Test your knowledge by answering these objectively scientific questions about the celebrities, politicians and fifteen minute famers who made headlines.

Wall Street Bankers Put Obama On Hold

nytimes.com | ANDREW ROSS SORKIN | Posted 12.15.2009 | Business


President Obama didn't exactly look thrilled as he stared at the Polycom speakerphone in front of him. "Well, I appreciate you guys calling in," he be...

Robert Kindler's "2BG2FAIL" License Plate Changed To "MNA GUY"

Posted 12.10.2009 | Business


In his book, "Too Big to Fail", the New York Times scribe Andrew Ross Sorkin included a photo of a banker's license plate he saw in Greenwich, CT that...

Stop Socialism for the Rich: Nationalize Wall Street

Les Leopold | Posted 11.25.2009 | Business


Les Leopold

We should give strong consideration to nationalizing the largest banks in order to run them like public utilities. We also should consider placing banking employees into the civil service system to end the ridiculous wage distortions.

China Buys Hummer Brand -- Further Evidence of a Shock Doctrine-Assaulted America?

Rob Kall | Posted 11.23.2009 | Business


Rob Kall

We have to wonder if the US had taken Hummer, especially with its dependence on the military version, and turned it into a government-owned operation, would the US benefit?

Mort Zuckerman: Federal Reserve Should Retain Its Authority And Independence

Mortimer B. Zuckerman | Posted 11.23.2009 | Business


In the grip of our Great Recession, with more job losses to come, we have yet to fix the broken financial system that is an underlying cause of this w...

$9 BILLION Check That Saved Morgan Stanley: Is It The Biggest Check Ever? (PHOTO)

Posted 11.23.2009 | Business


Ever wondered what a $9 billion check looks like? Via Andrew Ross Sorkin's website comes this rather large payout, which is detailed in his best-s...

John Mack, Morgan Stanley CEO: I Love Regulators! (VIDEO)

Posted 11.19.2009 | Business


Morgan Stanley CEO John Mack appears to have no problem financial regulators. In fact, Mack, speaking at a financial journalist panel held by Bloomber...

Meaningless Fervor Over China's Exchange Rate Policy

Eric C. Anderson | Posted 11.16.2009 | Business


Eric C. Anderson

According to some pundits, Beijing's fixed exchange rate explains our trade imbalance with China and a end to this practice will aid the revival of manufacturing in America. Phooey.

Derivatives Reform: 'Tricky Exceptions' Leave Market Unchecked: The Nation

thenation.com | William Greider | Posted 11.13.2009 | Business


The Obama administration promised to reform the financial system and make it safe for the rest of us, but recent Congressional action is more likely t...

Of Billionaires, Bailouts and Bonuses

Les Leopold | Posted 11.11.2009 | Business


Les Leopold

Let's weigh the pros and cons of the record bonuses going to Goldman Sachs, JP Morgan Chase and Morgan Stanley (and many others) during the worst economic crash since 1929.

Wall Street Bonuses At Big Three Banks May Be Up 60% From Last Year

bloomberg.com | Michael J. Moore and Ian Katz | Posted 11.10.2009 | Business


Nov. 9 (Bloomberg) -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis sin...

Wall Street's Record Bonuses Return: Analysts Predict $30 Billion In Bonuses At Big 3

Bloomberg | Michael J. Moore and Ian Katz | Posted 11.09.2009 | Business


Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depressio...

To Create Jobs on Main Street, We Need to Kill Jobs on Wall Street

Les Leopold | Posted 11.07.2009 | Business


Les Leopold

The Billionaire Bailout Society is not a shared society. We're not in it together. What's good for Wall Street is not good for the rest of us...they even get their swine flu shots before we do.

Shahien Nasiripour

New "Too Big To Fail" Bill Gives Feds Power To Freeze Derivatives Contracts

HuffingtonPost.com | Shahien Nasiripour | Posted 11.03.2009 | Business


The "Too Big To Fail" legislation currently being debated by a House committee has been widely criticized as toothless. But one provision gives the fe...

A Systemic Risk Regulator and a Compensation Tsar? Larry Summers and Ben Bernanke Must Be Kidding

David Paul | Posted 11.03.2009 | Business


David Paul

With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.

Oil's Massive Price Distortion Militates the Reconvening of the 1970s Federal Oil Price Task Force

Raymond J. Learsy | Posted 11.08.2009 | Business


Raymond J. Learsy

It is long past time that our government take seriously and study intensely how oil prices are determined in a world of OPEC, speculation, timid oversight and failing transparency.

The One Free Lunch Left for Investors

Eric Schurenberg | Posted 10.31.2009 | Business


Eric Schurenberg

Stocks that got high quality ratings from Standard and Poor's have barely participated in the summer rally. The big gains were racked up by the seedier elements.