John Mack is so smart that he got MS into this mess in the first place! Being smart is great but if your arrogance overwhelms it then it's useless. Merrill Lynch would have failed if it wasn't bought out. That could happen to Morgan as well.... maybe they merge with Golden Slacks? I can say for sure the feds will NEVER allow The Goldmen to fail. True, MS is officially a bank now, but they have yet to get people to move their deposits over. Would YOU like to open a deposit account there?
The Last Days of Morgan Stanley [View article]
The Last Days of Morgan Stanley [View article]