FAQ |
Members List |
Calendar |
Search |
Today's Posts |
|
Serious Debates & News Debate and discussion about political, moral, philosophical, celebrity and news topics. |
|
Thread Tools | Display Modes |
29-11-2017, 08:08 AM | #1 | |||
|
||||
Senior Member
|
https://www.theguardian.com/politics...exit-says-bank
The prospect of Jeremy Corbyn becoming prime minister is a more serious threat to British business than Brexit, the investment bank Morgan Stanley has warned. Morgan Stanley were in part, responsible for the last financial crash. Source Financial Times (pay wall) Morgan Stanley, like many competitors at home and overseas, sold billions of dollars of subprime residential mortgage-backed securities, pools of loans that later sparked a financial meltdown when large numbers of borrowers started to default. US authorities contend that Morgan Stanley knew that many of the loans backing its securities were defective. Can a bank that became infamous for defrauding people be trusted?
__________________
No longer on this site. |
|||
Reply With Quote |
|
|