posted on Apr, 16 2011 @ 09:47 PM
Note that they defaulted to Blackstone, another US firm, rather than a Japanese firm. Not that it matters.
Morgan has a weird relationship with Japan. MitsubishiUFJ financial saved their bacon in '08 with a $9 billion cash transfer during the financial
meltdown. It was the biggest check drafted in history I believe, at least at the time. There is not necessarily any relationship here between the two,
but it would be interesting to read an account of all their doings with Japan.