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Investor1's picture

Morgan Stanley was originally going to buy Merrill Lynch according to CNBC

by Investor1 (Senior Monkey, 87 Banana Points Points) on 9/14/08 at 10:43pm

It looks like Morgan Stanley perhaps made a big error in not acquiring Merrill Lynch. Even though Morgan Stanley could not examine Merrill's books in 48 hours, had Morgan Stanley acquired Merrill Lynch we probably would have seen the rise of the new number one investment bank in the world. Yes, Goldman Sachs would have been overthrown by Morgan Stanley for top investment bank.....

http://www.cnbc.com/id/26708319

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McGyver's picture

Close but no cigar. GS is

by McGyver (Senior Baboon, 226 Banana Points Points) on 9/14/08 at 10:56pm

Close but no cigar. GS is still king

Hephaestus's picture

Your assertions are

by Hephaestus (Senior Monkey, 68 Banana Points Points) on 9/14/08 at 11:02pm

Your assertions are questionable. MS would have had a bunch of duplication on its hands. A lot of ML's clients would have left anyways so as not to deal with the transition. MS would have been left not that much better off.

aloki's picture

Has anyone thought that

by aloki (Senior Baboon, 177 Banana Points Points) on 9/15/08 at 1:44am

Has anyone thought that maybe Morgan just wanted to play off as if it had the capital to acquire Merrill and are trying to hide weakness? I smell a bluff.