umm....

Can't They Even Slam the Barn Door Right?

Duh! Do you really think Morgan Stanley would create a new group like this solely with new, junior recruits? Is it even remotely conceivable that the firm does not already have deep expertise in quantitative modeling within its ranks? I can't imagine why anyone would interpret this as anything other than the firm choosing to bulk up and perhaps consolidate some of its talent in this area. Of all the idiotic things I've read through this crisis, this has to rank near the top!