Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Morgan Stanley Drops Exposure to the PIIGS

By: capt_nemo in ROUND | Recommend this post (0)
Fri, 20 Apr 12 6:04 PM | 74 view(s)
Boardmark this board | De's Test Board 		Msg. 40643 of 45644
(This msg. is a reply to 40640 by Decomposed)
Jump:
Jump to board:
Jump to msg. #

After all, if those who overspend in Europe are PIIGS, what do we call those who overspend here???

Well that would be ,,,,,,,,,,,,,,,,,,,,,screwed DE LOL. Not to worry, plunge protection team is alive and well..........




Avatar

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




» You can also:
- - - - -
The above is a reply to the following message:
Morgan Stanley Drops Exposure to the PIIGS
By: Decomposed in ROUND
Fri, 20 Apr 12 4:05 PM 		Msg. 40640 of 45644

Funny, how this article changes the acronym to GIIPS. As more and more talk focuses on these five European countries and it becomes clear that years more are in store for us, certain liberals were bound to eventually take offense and try changing the acronym. After all, if those who overspend in Europe are PIIGS, what do we call those who overspend here???

Somehow, I don't think GIIPS will catch on in quite the same way. 


Morgan Stanley GIIPS Net Exposure Drops to $2.41 Billion

By Michael J. Moore - Apr 19, 2012 6:36 PM ET
Bloomberg

Morgan Stanley (MS), owner of the world’s largest brokerage, said its net exposure to five of Europe’s most-indebted nations was $2.41 billion, down from $3.06 billion in January.

Morgan Stanley’s net exposure to the five countries -- Greece, Ireland, Italy, Portugal and Spain -- was $4.01 billion before hedges, according to figures posted yesterday on the New York-based bank’s website. Net exposure to France rose to $4.14 billion from $1.71 billion as of Dec. 31.

Concern that Europe’s debt crisis would spark bank losses contributed to a 41 percent tumble for Morgan Stanley’s shares in the third quarter of last year. The firm said in October that its net exposure to the five was $3 billion, helping halt the decline of the shares.

More: http://www.bloomberg.com/news/2012-04-19/morgan-stanley-giips-net-exposure-drops-to-2-41-billion.html

« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next