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Morgan Stanley Considers Merger With Wachovia

As the wrenching shifts within the American financial industry shook world markets on Wednesday, Morgan Stanley, one of the two major Wall Street banks left standing, was considering a possible merger with the Wachovia Corporation or another bank, according to people briefed on the discussions.

Webmaster's Commentary: 

This may not work out. Wachovia has serious exposure to the Lehman debacle. They are not the heavy cash cow that Morgan needs.

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Posted on Sep 17, 2008 at 21:46
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