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TLGP - better than TARP?

Since our dear friends bess and ep have decided to take adavantage of the lull in activity in this holiday shortened week and we (hopefully) won't have another sunday night special - would someone like to explain why ms priced its deal at tighter spread than gs? has golden slacks lost its mojo? or did the "first mover" advantage turn into a disadvantage? anyone know where the cds is trading on these two?

http://online.wsj.com/article/SB122783187912562983.html?mod=testMod#articleTabs%3Darticle

hope everyone is having a happy turkey/tofu day.

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