phat cat

The Last Days of Morgan Stanley

To Tom in DC. When you look at a balance sheet, on the asset side, there's current asset (which means cash or cash equivalent) and long term asset. If you compare MS and AIG, which I think you should, you will see what the differences are.

My point above is that the Fed and Treasury can't allow another bank failure or their entire effort will be wasted. Also, I believe the Japanese will be good on their word--let's call it an oriental thing that they actually still abide by their word!!! So if you are selling/shorting the stock because you believe the money is not in, then I think it's very very risky. The company is trading at less than 1/2 of its book value which was verified by UFJ (their conversion price for the preferred is at 32 if I remember correctly, and that due dilligence was done 2 weeks ago). So I'd think twice before putting on shorts now.