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Morgan Stanley runs out of Tokyo like their hair is on fire.

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posted on Apr, 16 2011 @ 09:34 PM
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It seems Morgan Stanley defaulted on a 3.3 Billion investment in Tokyo. The only question I see is: Are they doing this because of the radiation, which will be a poor working environment, or is it due to an eminent financial collapse...or perhaps something else.

www.bestmetalresearch.com...

Whatever it might be this is the biggest default in Japan's history.




posted on Apr, 16 2011 @ 09:39 PM
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reply to post by redgreen
 


i dont think that they are doing for any other reason other then to keep their money...would you want to pay back 3.3 billion dollars if you could just pack it up and leave? I know I wouldnt...its that simple....



posted on Apr, 16 2011 @ 09:47 PM
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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.



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