BUSHCO-Going Out Of Business Sale Continues --- China in Talks to Buy Half of Morgan Stanley

Morgan Stanley Said to Be in Talks With China's CIC (Update2)

By Christine Harper

Sept. 18 (Bloomberg) -- Morgan Stanley, the second-biggest independent U.S. securities firm, may sell a larger stake to China Investment Corp. and is in talks about a possible merger with Wachovia Corp., a person familiar with the matter said.

China's state-controlled fund may buy as much as 49 percent of the New York-based investment bank, said the person, who declined to be identified because the talks aren't public and may end in no agreement. Morgan Stanley resumed its decline on the New York Stock Exchange, falling as much as 22 percent.

Morgan Stanley, led by Chief Executive Officer John Mack, and Goldman Sachs Group Inc., the biggest U.S. securities firm, tumbled the most ever yesterday as the deepening credit crunch fueled concern their funding sources are drying up. Morgan Stanley shares plunged 42 percent this week through yesterday after Lehman Brothers Holdings Inc. filed for bankruptcy and Merrill Lynch & Co. sold itself to Bank of America Corp.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ao0BD9Zuhy3E&refer=home

Hey, why can't we get one of these "state-controlled" funds? Then we could start buying up other countries, and won't have to go in and ravage their resources and kill their citizens!

Tell Congress: "We want a 'state-controlled fund' NOW!!!"

...they HAVE to use their surplus dollars to prop up our economy. If we go down all those dollars they're holding will be worthless, and they'll follow us down the shitter. We're too closely linked economically.

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