Continuing the Japanese glutton for punishment trend, Mitsubishi UFJ Financial Group has said it will take a twenty percent stake in the (erstwhile?) investment bank.
Press Release From Mitsubishi [PDF]
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Posted by guest , Sep 22, 2008 8:35AM
Can someone drive to Jersey and kick Charlie GAsparino in the face. Seriously, this guy is a knob
Im sure John Mack answers his calls
Posted by guest , Sep 22, 2008 8:36AM
Seriously?
Posted by Master of None , Sep 22, 2008 8:36AM
Stock trading up on the news, at $30 right now; valuation will be based on BV after due diligence, which probably means $31+ if management was as conservative with the quarter's earnings as they indicated.
Posted by guest , Sep 22, 2008 8:41AM
you beat gaspar by 3 minutes
Posted by guest , Sep 22, 2008 8:42AM
Bess, you miss Carney?
Nice tag for this...ha
Posted by guest , Sep 22, 2008 8:46AM
I predict that Mitsubishi will not get but instead will be on the receiving end of a "happy ending".
Posted by guest , Sep 22, 2008 8:51AM
unrelated, but General Motors has been added to the short-ban list? wtf? what's next, Overstock.com?
Posted by diablo , Sep 22, 2008 9:09AM
OK, so this makes Morgovia less likely? Sachovia is the wave of the future... And WaMu ends up in the arms of the FDIC because I don't think C can hack it.
Posted by guest , Sep 22, 2008 9:14AM
I think Mitsubishi owns the company that makes the Sham-wow. This will help with cleaning up the mess.
Posted by guest , Sep 22, 2008 9:18AM
Nice to see Goldman cowering in the corner.
BOFA rules the street
Posted by guest , Sep 22, 2008 9:19AM
Nice to see Goldman cowering in the corner.
BOFA rules the street
Posted by guest , Sep 22, 2008 9:27AM
@10/11 fuck no
Posted by guest , Sep 22, 2008 9:33AM
geez, it seems like i-banking is on the ropes
who'd a thunk being levered 30-1 could be so risky????
(or that such risktaking would f*ck even low level guys like me....)
Posted by guest , Sep 22, 2008 9:36AM
@7
Maybe because of GMAC – also in the crapper. Same with GE – about half their bottom line comes from GE Finance.
Posted by guest , Sep 22, 2008 9:46AM
@12, really? Your right, Merrill wasnt a huge purchase or anything.
Where do you work JT MARLIN you tool?
Posted by Anal_yst , Sep 22, 2008 9:56AM
oy vey, here we go again...
Posted by guest , Sep 22, 2008 10:04AM
@11 so when do you get fired when a Merrill employee takes your job?
Posted by guest , Sep 22, 2008 10:18AM
Great, so GMAC (Cerberus) got bailed out too. Feinberg would have John Snow to thank no doubt.
Nicely played Messrs Snow & Paulson.
Posted by guest , Sep 22, 2008 10:45AM
These companies should DEFINITELY be on the list Deere, Ford, HOG, CAT, where does it end.
Posted by guest , Sep 22, 2008 12:04PM
THIS IS GLUTTONY!
A Japanese Bank/ financial service has just bought GE financial services in Japan, Namura bought Lehman's business in Asia and today Japan is buying 20% of Morgan Stanley.All these happened in 2 weeks! Hey if you have junks at your backyard call Japan now!
What else Japan going to buy? Their economy is slowing and on recession . Hey welcome to the club!Let's share the love.
They are more US assets Japan wanted to buy in USJ = United States of Japarica.
Posted by guest , Sep 22, 2008 12:12PM
Oh the Japanese are buying again!
Must be time to sell.
Posted by guest , Sep 22, 2008 12:14PM
I guess China is rejoicing!
Better spend your money back home in infrastractures , technologies, education and agriculture....I was there at the Olympics.