FromHK

The Last Days of Morgan Stanley

Having dealt with Japanese for significant amount of time, one thing for certain is that they take a long time to make decisions, but they are unlikely to go back on their word easily, if ever. It is more than a face issue, but more a honor issue--sadly not many Americans can say the same nowadays. With the agreement in place and UFJ's official reaffirmation yesterday, I doubt that the money is not coming in. Btw, with Yen up something like 5% in the past week, they are getting 5% discount to their original agreement already! Also, MS' balance is the same size as AIG? Need to check your facts.