Morgan

The firm has developed infallible plans to bankrupt its two biggest competitors

haha...

...and that bank's name will be GSMS. I didn't think that Merrill would go under after they ridded the balance sheet of over $30bn in toxic debt, but, alas, extrodinary events caused sharp deterioration in consumer confidence...

how does this alter my opinions? Previous possibilities that I had ruled out as "improbable" are all now completely fair game. I believe that MS still has severe downward potential, and I believe that this crisis is far from over. I think they are using optimistic accounting, as Lehman had in Q3/Q4 of last year, and the future will be bring some surprises. I suspect that Morgan will eventually sell itself to Goldman, to create a new powerhouse - imagine the possibilities!

As I posted a few months back, I think that the U.S. is heading into a new depression... my, oh my.

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