MetLife Sues Morgan Stanley Over $757B in MBSs [Foreclosuregate] - MarketTicker Forums


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User Info	MetLife Sues Morgan Stanley Over $757B in MBSs in forum [Foreclosuregate]
Argos Posts: 6338 Incept: 2008-03-23 The Green Mountain State	For verification purposes, here's a link (but there's no additional info): http://webfarm.bloomberg.com/news/2012-0.... Recall that the Fed jammed MetLife on the most recent stress test . . . (I'm short MS.) Last modified: 2012-04-26 11:23:08 by argos 2012-04-26 11:22:39 Permalink
Steelhead23 Posts: 2043 Incept: 2008-09-09 Portland OR	Get out the pom-poms. Why has it taken so long? BTW - $757 million is not chump change. Shorting MS seems smart to me. ---------- "Give me control of a nation's money and I care not who makes it's laws" —~~Mayer Amschel Bauer Rothschild~~ Benjamin Bernanke For-profit commercial banks are a menace and should be eradicated 2012-04-26 16:10:20 Permalink
Peterm99 Posts: 4995 Incept: 2009-03-21 SoCal	757 million is the total amount of MBSs at issue. Since they are probably worth more than zero, MSs liability would be far less than that. ---------- ". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwell’s imaginings falls into place." - Fred Reed 2012-04-26 16:35:58 Permalink
Uwe Posts: 6458 Incept: 2009-01-03 19446	Quote: $757 million is not chump change. Yeah, but it ain't the end of the world for 'em either; MS has a market cap of ~$34B. Now if it was $757B as the thread title claims... -Uwe- ---------- “Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” - John Locke 2012-04-26 20:44:58 Permalink
Azusgm Posts: 2430 Incept: 2010-12-02 East Texas	What is Morgan Stanley's leverage ratio? If MetLife can extract real cash, MS will be left with a lot of levered air instead. Bubblicious. 2012-04-26 23:55:30 Permalink
Argos Posts: 6338 Incept: 2008-03-23 The Green Mountain State	Right, Uwe, sorry about that. 2012-04-27 09:20:11 Permalink