It's back...Morgan Stanley's stock taking sharp hits amid negative rumors...

[originalpckelly]

Where have I heard this story before? Bear Stearns? Lehman?

http://www.cnbc.com/id/44785581

And they aren't even an investment bank anymore. But alas we are here again.

"Zero Hedge, a well-read and controversial financial blog, linked to a Bloomberg News article that noted Morgan’s credit-default swap spreads had been widening. The Zero Hedge post also directed readers to a previous Zero Hedge article that pegged Morgan Stanley’s net exposure to French banks at $39 billion, about $12 billion more than the bank’s current market capitalization, reigniting fears about its exposure."

[originalpckelly]

1. I don't think you folks get this: This is very, very bad.

[rdking647]

2. My gut says Ms is fine

I don't own the stock yet but my gut feeling is they are in decent shape. Unlike 2008 they are much better capitalized
I don't own MS stock but I'm considering it

[banned from Kos]

5. I agree. MS dumped a bunch of their non-recourse CRE in 2009 and has

plenty of other collateral if they need to exercise their window access.

The short vultures at ZeroHedge need to move on to someone new after BAC.

[msongs]

3. let it go under and the stockholding speculators can bail it out w/out taxpayer help nt

[RKP5637]

4. Yep, this in combination with Robert Reich's article

is very, very bad. My gut feel tells me some very turbulent times are ahead.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2059885