Friday May 25, 2012

JAPAN NEWS AND DISCUSSION

Morgan Stanley gets $9 bil Mitsubishi UFJ lifeline

Business Oct. 14, 2008 - 06:29AM JST ( 10 )

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10 Comments

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some14someOct. 14, 2008 - 07:33AM JST

Mitsubishi UFJ gets international banking 'status' just for $9bn, profits if any belongs to bankers and losses if any will be borne by tax payers.
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Anomaly_JrOct. 14, 2008 - 10:46AM JST

Mitsubishi UFJ as "the world’s second-largest bank" already has enough status. I now also has Morgan Stanley by the balls.
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SamuraiikiOct. 14, 2008 - 11:18AM JST

Question: what assurances these banks or Congress have that these financial institutions will not continue paying $300 million or so to their CEOs?
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ThreeTigersOct. 14, 2008 - 01:04PM JST

Sounds like the deal was handled responsibly. However, I am not sure if it's a good idea to simply buy more banks with the 9 billion dollars. I am no investment or economy expert, but if it were up to me, I would do some serious evaluation and re-organize the corporation. It's better to adjust some of the corporate objectives in light of the financial times, rather than "buy! buy! buy!". Sounds like the greed is still there.

Another skeptical commentary: If Uncle Sam can be trillions of dollars in debt and still function, why wouldn't the the investment banks think that they can pull it off too??
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YangYongOct. 14, 2008 - 01:43PM JST

3Tigers: It's all about the future, the belief that the US will pay off it's debts through innovation, hard work, trade, war, etcetera FAR, in fact dwarfs, the possible futures of a measely ol' bank.
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YangYongOct. 14, 2008 - 01:50PM JST

Got some of that at 22 dollars as they rocketed up. Fantastic. Saw some good Yen / Oz dollar swing too. All hail the greed!
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YangYongOct. 14, 2008 - 01:53PM JST

...that would be 12 dollars. Got a bt o kyboard gitter.
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scotcheggOct. 14, 2008 - 04:08PM JST

This going through can only have helped confidence.
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some14someOct. 14, 2008 - 07:28PM JST

Mitsubishi UFJ as "the world’s second-largest bank" already has enough status

but unfortunately this bank has bad reputation for being involved in Money Laundering, and as such denied entry in the USA market. But now with this little 'investment' will be able receive favorable treatment and thereby enjoy good reputation.