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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.
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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Comments
Considering Mike's comment ...
chillyphantomHe he he. We got 95% of the cash out of the system. Let's go for broke. Maybe if we twist it a little more THIS WAY, we can take another 2 or 3%.
They certainly are doing a good job of cleaning out the cupboards folks.
By the time WE THU SHEEPLE realize what to do, the cupboards will be nothing but a paper shell with the doors just glued in place.