MS is down 6.7% today on no news.
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http://www.youtube.com/watch?v=MU6QDgliP3s
Tere is news. It’s CDS swaps are now trading at Italian bank levels.
I think it’s trumped up bullshit as the bears are trying to suggest the gross exposure to Europe is somehow unguarded and could lose $39 billion.
All this stuff is hedged and collateralized. However the problem is they fund through the professional market and it could get tricky if the market panics.
j why are the CDS swaps up? Again that would be no news.
hey j,wasnt the housing market collateralized? it got it’s back broken,
As a token of their appreciation, the BoD will execute John Mack at their next gathering.
j sounds like a bankster. what are you afraid of?