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Morgan Stanley (MS) says a credit rating downgrade (currently being considered by Moody's...

Morgan Stanley (MS) says a credit rating downgrade (currently being considered by Moody's on a number of large U.S. financials) could trigger a margin call of up to $7.2B on derivatives contracts. "CEO James Gorman has met with the ratings firm more often than usual in the past quarter." Indeed. (10-Q)
Comments (2)
  • Dave Foreman
    , contributor
    Comments (16) | Send Message
     
    No wonder the stock has been tanking. What a bunch of BS has been floated in the past few weeks with the CEO saying that the downgrade would not affect them at all. This is about half of their market cap! These banks are 100% full of crap until the day they are bailed out and then they tell everyone "we did't need the money" a year later when they are issuing 30 million dollar bonuses.
    8 May 2012, 08:57 AM Reply Like
  • cash
    , contributor
    Comments (442) | Send Message
     
    They are all thieves, but only an 'unfortunate' few get caught.
    8 May 2012, 09:04 AM Reply Like
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