I'm sure The Bernank will make his way to Japan and drop off some cash to pay off the debt.
3.3 billion is pocket money for Benny's Boys.
Besides Morgan Stanley have to pay out those at home, before they can even consider anything abroad.
Two Morgan Stanley Wives get $220 Million in Bail Out Money!
Quote:While the rest of us lost our shirts to Wall Street. Some great reporters like Matt Taibbi have been trying to track down where the money went. He discovered that two wives of Morgan Stanly Big Wigs had received $220 Million in Federal bailout money. Then they went on a shopping spree.
You can read the original story here. Here is the meat of the story. The wives with an upfront investment of $15 million, quickly received $220 million in cash from the Fed, most of which they used to purchase student loans and commercial mortgages. The loans were set up so that Christy and Susan would keep 100 percent of any gains on the deals, while the Fed and the Treasury (read: the taxpayer) would eat 90 percent of the losses. Given out as part of a bailout program ostensibly designed to help ordinary people by kick-starting consumer lending, the deals were a classic heads-I-win, tails-you-lose investment.
These 'people' have nothing but contempt for their working debt serfs.
This reminds me of another Morgan Stanley, ƒück up, which occurred in China, back in 2007.
Quote:Morgan Stanley became the latest bank to announce a bailout from a foreign government as the Wall Street firm reported the first quarterly loss in its 73-year history yesterday after taking writedowns of $9.4 billion (Â£4.7 billion) on mortgage-related investments.
The writedowns, which took Morgan Stanley to a $3.56 billion fourth-quarter loss, were so severe that the bank was forced to agree a $5 billion cash injection from the Chinese Government to prop up its capital base.
The Beijing Government's China Investment Corporation (CIC) will inject $5 billion into Morgan Stanley in return for a 9.9 per cent stake.
This makes it the bank's second-biggest shareholder after State Street, the Boston asset manager.
CIC will not get a seat on Morgan Stanley's board nor direct influence over its management. It will receive 9 per cent interest instead of a dividend.
So if Morgan Stanley can't persuade its partners in crime at the FED for more cash. Expect some Japanese bank(Morgan stanley's Japanese partner) to be offered Stock in Morgan Stanley.
Lather, Rinse, Wash, repeat