« The Financial Crisis and the Finger of Blame | Main | The Government Bailout of AIG and the Failure of a Theory of Regulation »

And Then There Was One? Morgan Stanley and Wachovia

Published reports indicated that Morgan Stanely and Wachovia have been involved in merger discussions.  Ironically, talks with Wachovia likely contributed to Stan O'Neal's departure at Merrill.  The details are sketchy and Wachovia has its own exposure to the mortgage crisis.  Nonetheless, if the merger goes through, there will be only one independent investment banking firm, Goldman.  And, despite Goldman's relative strength, it will become the new weakest link.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
All HTML will be escaped. Hyperlinks will be created for URLs automatically.