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Morgan Stanley to Raise $2.2 Billion in Bid to Exit TARP

Not entirely happy by the potential dilution to my stake in my company, but certainly happy that if all goes as planned, we will be able to exit TARP by month-end.

Morgan Stanley to Raise $2.2 Billion in Bid to Exit TARP – WSJ.com

Morgan Stanley plans to raise $2.2 billion stock offering, in a [...]

YES!!!

Looks like keeping everything crossed last night did some good … now to see what happens when the market opens later on today. So far futures are indicating a broad-based up-market day, but how is that going to affect the financials, and specifically Morgan Stanley?

At least we’ve got our deal in place, and so [...]

Fingers crossed …

Fingers crossed … toes crossed … legs crossed … arms crossed … eyes crossed … sign of the cross …

MUFG Aims to Sweeten Terms of Deal for Morgan – WSJ.com

Morgan Stanley and Mitsubishi UFJ Financial Group Inc. worked Sunday to finish their $9 billion pact, as both sides pushed to keep the general [...]

Ooof, what a week …

This week was totally unreal. Over the course of the past 6 weeks, since the beginning of September, I have lost over 50% of my net-worth; almost all of which is in my retirement plan.

On the other hand, I have been averaging my cost-basis down in Morgan Stanley, picking up another 150 shares yesterday, [...]