Intoxination

Tag: morgan stanley

Aug 22
2011

Simple Question: Who Was President When The Economy Crashed?

Politics

A new article in Bloomberg talks about the biggest banks getting $1.2 trillion in help: Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits. […]

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Nov 8
2010
get out of jail free

Too Rich To Prosecute

News

Get ready to be pissed to the point of wanting to break stuff: A Morgan Stanley wealth manager will not face felony charges for a hit-and-run because Colorado prosecutors don’t want him to lose his job. Martin Joel Erzinger, who manages more than $1 billion in assets for Morgan Stanley in Denver, is being accused […]

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Mar 17
2009

Now Its Getting Ridiculous

Misc

It looks like all the talk Obama did about AIG yesterday was nothing but a smoke-screen: President Barack Obama said Monday that he would “pursue every single legal avenue to block” $165 million in bonuses to American International Group Inc. employees who were in part responsible for the insurance giant’s near collapse. But hours later, […]

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Jan 17
2009

Bailing Out Tax Cheats

Misc

All the talk this week about Timothy Geitner’s tax problems seems like even smaller potatoes compared to this: Eighty-three of the nation’s 100 largest corporations, including Citigroup, Bank of America and News Corp., had subsidiaries in offshore tax havens in 2007, and some of the companies received federal bailout funding, a government watchdog said Friday. […]

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