BEAT THE BANK RUN- IF YOU ARE THE FIRST OUT YOU GET THE BEST DEAL!!
SEPTEMBER 2, 2012
Dr Willie has advised us that Morgan Stanley appears to be on the ropes. I’ll weigh in with my observations and some ‘on the ground’ suggestions.
MS failure? That would explain the 600 CPAs hired at $500 an hour to dive into an unnamed bank on Wall Street. No one has named the bank or banks that received a hypo from the Fed in the last month. It was $800 million and this is the first time since 2008 that the Fed has done a hypo. Someone was real short on liquidity.
If you are in the umbra of MS your money will be gone ala MFG, protected by the 7th Circuit court ruling that your money used as collateral is now the property of the creditor.
IF YOU ARE THE FIRST OUT YOU GET THE BEST DEAL.