More from Barclays: Freeman and team also cut Q3 earnings estimates for Morgan Stanley (MS...

|About: Morgan Stanley (MS)|By:, SA News Editor

More from Barclays: Freeman and team also cut Q3 earnings estimates for Morgan Stanley (MS -8.1%) from  $0.43/share to $0.12. In addition to the financial market tumult is the Fed's mission to lower long rates. Banks and brokerages tend to borrow short and lend long - if Twist works, they get squeezed.