The whispers are growing louder. Will Morgan Stanley, which has huge exposure in Europe, collapse soon?
The stock price of Morgan Stanley inches from its Armageddon lows of Oct. 2008, whispers of the imminent overnight collapse of this U.S. broker-dealer begin to surface.
The Fed will no doubt intervene to prop Morgan Stanly up, continuing the sleazy process of the government sending trillions in taxpayer money to bolster insolvent big banks so that the 1% can exploit the rest of us even more and send more money to politicians.
If we had actual capitalism, diseased entities like Morgan Stanley would have liquidated long ago so that healthy new banks could replace them. But we don’t have capitalism, we have cronyism.