The NEXT big brokerage to fail, once again putting client funds at risk, will be Margin....er, Morgan Stanley [MS].
- MS is 'margined' out.
The rot is spreading.
- MF Global > PFG Best > MS.
After merging with Dean Witter and Smith Barney, MS became THE premier stock house.
- It has 200k to 300k stock accounts.
Imagine the bleating when the sheeple are sheared and their stock accounts/IRA's "vaporize" in the newly made-legal re-hypothecations!
- Baaaaa! Baaaaaa!
Anyone dumb enough to stillhave any money under their control, actually MAY be dumb enough to not get outta Dodge (like Soros just did) while the getting is still good.
- Liquidate or be liquidated. Your choice pardner, it's almost high noon...make your move!
Wednesday, 29 August 2012
The NEXT big brokerage to fail.................from Rico
From Theo Spark at 15:10
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