Ponce
15th December 2010, 01:38 PM
Check Out The $9 Billion Dollar Check That Saved Morgan Stanley.
(Go to link to see the check)
According to Sorkin, perhaps the largest physical check ever written. A few weeks prior to TARP, Goldman Sachs went to Warren Buffett and Morgan Stanley found a partner in Mitsubishi.
Morgan Stanley received a $9 billion investment from Mitsubishi UFJ in the fall of 2008 that kept the firm from collapsing.
The payment was supposed to be wired electronically, but because it needed to be made on an emergency basis on a holiday, Mitsubishi cut a physical check, perhaps the largest ever written.
That's $9,000,000,000 billion. Some quick math says that Mitsu has invested wisely, at least so far, as the $9 billion is worth approximately $30 billion today.
http://dailybail.com/home/check-out-the-9-billion-dollar-check-that-saved-morgan-stanl.html
(Go to link to see the check)
According to Sorkin, perhaps the largest physical check ever written. A few weeks prior to TARP, Goldman Sachs went to Warren Buffett and Morgan Stanley found a partner in Mitsubishi.
Morgan Stanley received a $9 billion investment from Mitsubishi UFJ in the fall of 2008 that kept the firm from collapsing.
The payment was supposed to be wired electronically, but because it needed to be made on an emergency basis on a holiday, Mitsubishi cut a physical check, perhaps the largest ever written.
That's $9,000,000,000 billion. Some quick math says that Mitsu has invested wisely, at least so far, as the $9 billion is worth approximately $30 billion today.
http://dailybail.com/home/check-out-the-9-billion-dollar-check-that-saved-morgan-stanl.html