Morgan Stanley

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.

Galleon Paid Banks $250 Million For Insider Tips: Financial Times

ft.com | Henny Sender | Posted 10.29.2009 | Business


The Galleon hedge fund at the centre of an insider trading scandal paid hundreds of millions of dollars a year to its Wall Street banks and in return ...

Under Attack, Credit Raters Turn to the First Amendment

HuffPost Investigative Fund | By Ben Protess and Lagan Sebert | Posted 11.03.2009 | Business


Editor's note: This is the first of three articles by the Investigative Fund on the credit rating companies. To help with the investigation, sign up ...

Breaking Up the Big Banks, and Why Congress Won't Do It

Robert Reich | Posted 10.27.2009 | Business


Robert Reich

Two ideas are floating around Washington regarding how to handle 'too big to fail' banks, but only one is supported by the Treasury and the White House. Unfortunately, it's the wrong one.

Sunday Roundup

Arianna Huffington | Posted 10.25.2009 | Business


Arianna Huffington

This week, Obama's pay czar announced he'd be slashing executive pay at seven of the biggest recipients of bailout billions. So it's no surprise that many of Wall Street's Masters of the Universe didn't turn up at the New York fundraiser President Obama spoke at -- choosing instead to attend a party thrown to toast the release of Too Big To Fail, Andrew Ross Sorkin's blow-by-blow account of the meltdown. There, enjoying cocktails and finger food, were many of the central players, including Jamie Dimon of JP Morgan and John Mack of Morgan Stanley. Which is kind of like Hannibal Lecter showing up for the opening of Silence of the Lambs. Perhaps they take comfort in Sorkin's assessment that when it comes to reforming Wall Street "the Obama administration seems to have moved on to other priorities." I need a drink.

Why Billionaires Should Pay for the Jobless Recovery

Les Leopold | Posted 10.25.2009 | Business


Les Leopold

For the past 30 years we have minted billionaires, and we have created the most unequal distribution of wealth since 1928-29. This didn't happen by accident.

Daniel Gross: Why Wall Street Bonuses Will Continue to Exceed Profits

Slate Magazine | Daniel Gross | Posted 10.23.2009 | Business


This year, compensation will again eat up something close to a majority of Wall Street's revenues. And while Goldman and Morgan Stanley have paid back...

Wiping Blood Off White Buck Shoes

Leo W. Gerard | Posted 10.23.2009 | Business


Leo W. Gerard

In New York, the oldest and snobbiest financial ventures are called "white shoe" firms. Their arrogance, risky investments and confounding dealing in derivatives threw the rest of us into the Great Recession.

Citigroup, Goldman Sachs, Wall Street and the Tolling of the Bell For America's Meritocracy

Raymond J. Learsy | Posted 10.23.2009 | Business


Raymond J. Learsy

American capitalism has now become rotten to the core. Gone is the American capitalist impulse's unique sense of fair play and adherence to a level playing field, accessible to all.

Matt Taibbi: Counterfeit Stocks Behind Bear Stearns And Lehman Downfall

rollingstone.com | Matt Taibbi | Posted 10.19.2009 | Business


Although the SEC issued more than 50 subpoenas to Wall Street firms, it has yet to identify the mysterious trader who somehow seemed to know in advanc...

OMG! Greenspan Goes Populist?

Les Leopold | Posted 10.19.2009 | Business


Les Leopold

For Alan Greenspan, the apostle of free markets, to admit that financial free markets are not self-correcting is an enormous concession.