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June 30, 2015

Politico Morning Money: Better Markets Hits Morgan Stanley

“BETTER MARKETS HITS MORGAN STANLEY — Per release from Dennis Kelleher, President and CEO of Better Markets: “Too-big-to-fail Morgan Stanley is apparently also too-big-to-learn. High-risk derivatives gambling in fixed-income, currencies, and commodities compounded by other reckless — if not illegal — conduct caused Morgan Stanley to lose tens of billions of dollars before and during the 2008 financial crisis. … It is reported that Morgan Stanley is now going to ignore the lessons of recent history and increase their dangerous high-risk derivatives gambling. Regulators at the Fed, FDIC and elsewhere need to subject Morgan Stanley to much greater scrutiny””


Read the full Politico article by Ben White here

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