Morgan Stanley on the block too?
nadinbrzezinski
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Sun Sep-14-08 11:10 PM
Original message
Morgan Stanley on the block too?
per CNBC... my lord That is also a LARGE bank Folks the dominos are going down This is NOT good
FlyingSquirrel
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Sun Sep-14-08 11:16 PM
Response to Original message
1. (In best Scooby Doo voice)
Rhuh? (Leaping up into air, legs churning frantically)
nadinbrzezinski
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Sun Sep-14-08 11:20 PM
Response to Reply #1
4. Don't know why... a depression will not be fun
FlyingSquirrel
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Mon Sep-15-08 12:43 AM
Response to Reply #4
15. I'm using levity but really I'm wondering if this is finally it.
There have been so many cries of a real meltdown and I do believe it's inevitable - just not sure when to know it's really happening. Not that it'll matter, there's not much I can do so I'll just wait and watch.
Maven
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Sun Sep-14-08 11:16 PM
Response to Original message
2. Are they just speculating
or is it based on any concrete data?
nadinbrzezinski
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Sun Sep-14-08 11:19 PM
Response to Reply #2
3. Concrete, they said in passing they are looking for a buyer
and we know AIG is looking. I am starting to wonder bout Citibank
RUMMYisFROSTED
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Sun Sep-14-08 11:28 PM
Response to Reply #3
6. How does a "business" network say that in passing?
"Oh, and the Earth is going to plunge into the Sun tomorrow. Next up, Kent Riverdale with the weather."
nadinbrzezinski
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Sun Sep-14-08 11:30 PM
Response to Reply #6
7. They're interviewing folks in the US... they also mentioned WAMU
the American analysts sound quite spooked
RUMMYisFROSTED
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Sun Sep-14-08 11:37 PM
Response to Reply #7
9. It was fucking Lehman. And Bears. And now Stanley?
Spooky. BofA and Citi are the new levees.
nadinbrzezinski
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Sun Sep-14-08 11:38 PM
Response to Reply #9
11. Yeah... and citi ain't doing well, after all it was bailed out by the Saudis
that gives me a warm fuzzy
madaboutharry
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Sun Sep-14-08 11:24 PM
Response to Original message
I know that sounds stupid, but what else is there to say. I think this is it. I honestly now believe that we are going to sink into an economic depression.
spag68
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Sun Sep-14-08 11:35 PM
Response to Original message
Apparently Bank of America is going to get them. I hope they don't go broke, as BofA is my checking and savings.
nadinbrzezinski
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Sun Sep-14-08 11:37 PM
Response to Reply #8
10. They bough Merrill Lynch earlier today
Have not mentioned they are also getting Morgan... though for again, personal reasons, it would be down right hysterical
RUMMYisFROSTED
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Sun Sep-14-08 11:39 PM
Response to Reply #10
12. The free market has given us BofA and Citi.
Gotta love competition and a free market.
nadinbrzezinski
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Mon Sep-15-08 12:09 AM
Response to Reply #12
14. Ah yes, "capitalism" at work
I use those, since what we have does not fit the definition of classic economics Foolish me, actually read The Wealth of Nations And it is on the table for a second read
JDPriestly
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Mon Sep-15-08 12:07 AM
Response to Original message
13. Before you know it, these banks are going to be so cheap
that a consortium of DUers will be able to buy one. Just kidding. Our money (assuming we have any), of course is disappearing as we blog.
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