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Is Morgan Stanley Next?

By Mark H. Astarita, Esq.

Morgan Stanley in talks as fear grips financials According to a report this morning from Reuters, Morgan Stanley is discussing a deal with Wachovia, and CNBC said HSBC Holdings and China's CITIC Group were also eyeing Wall Street's second-largest investment bank.We lost #3, #4 and #5 in the last few months. #2 is about to go?Well, "go" and "lost" may not be exactly right, since ML didn't go anywhere, it was sold.What a mess.Where were the regulators during all of this subprime nonsense?

Full post as published by SECLaw.com on September 18, 2008 (boomark / email).