Morgan Stanley Quotes & Sayings

I thought I was kind of a hotshot because I had had two years of work experience at Morgan Stanley, and I was about to get my Stanford M.B.A. — Frank Quattrone

Thanks to a deal finalized in 2008, Chicago's parking meters will be operated for the next 75 years by a group of investors put together by Morgan Stanley, including the sovereign wealth fund of Abu Dhabi. — Thomas Frank

Once handed the money, Paulson abandoned his promised strategy and instead essentially began giving away billions of dollars to Citigroup, Morgan Stanley, Goldman Sachs, and a few others unnaturally selected for survival. — Michael Lewis

The dirty little secret of what used to be known as Wall Street securities firms-Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns-was that every one of them funded their business in this way to varying degress, and every one of them was always just twenty-four hours away from a funding crisis. The key to day-to-day survival was the skill with which Wall Street executives managed their firms' ongoing reputation in the marketplace ... — William D. Cohan

There was a lot of angst about it. It was sort of viewed as, These folks don't know what they're talking about. If losses go to ten percent there will be, like, a million homeless people." (Losses in the pools Hubler's group had bet on would eventually reach 40 percent.) As a senior Morgan Stanley executive outside Hubler's group put it, "They didn't want to show you the results. They kept saying, That state of the world can't happen." It — Michael Lewis

American business would be run better today if there was more alignment between CEOs' interest and the company. For example, would the financial crisis of 2008 have occurred if the CEO of Lehman and Morgan Stanley and Goldman and Citibank had to take a very small percentage of every mortgage-backed security ... or every loan they made? — Aubrey McClendon

March 2008 the stock market had finally grasped what every mortgage bond salesman had long known: Someone had lost at least $240 billion. But who? Morgan Stanley still owned $13 billion or so in CDOs, courtesy of Howie Hubler. The idiots in Germany owned some, Wing Chau and CDO managers like him owned some — Michael Lewis

Australopithecus. — Richelle Mead

By early 2005 all the big Wall Street investment banks were deep into the subprime game. Bear Stearns, Merrill Lynch, Goldman Sachs, and Morgan Stanley all had what they termed "shelves" for their subprime wares, with strange names like HEAT and SAIL and GSAMP, that made it a bit more difficult for the general audience to see that these subprime bonds were being underwritten by Wall Street's biggest names. — Michael Lewis

You. Aren't you one of those Morgan boys? You must be the bad one. — Teri Anne Stanley

What The Government Got Wrong About Nutrition — Anonymous

I feel more alive when I'm writing than I do at any other time
except maybe when I'm making love. — May Sarton

The people in a position to resolve the financial crisis were, of course, the very same people who had failed to foresee it: Treasury Secretary Henry Paulson, future Treasury Secretary Timothy Geithner, Fed Chairman Ben Bernanke, Goldman Sachs CEO Lloyd Blankfein, Morgan Stanley CEO John Mack, Citigroup CEO Vikram Pandit, and so on. A few Wall Street CEOs had been fired for their roles in the subprime mortgage catastrophe, but most remained in their jobs, and they, of all people, became important characters operating behind the closed doors, trying to figure out what to do next. With them were a handful of government officials - the same government officials who should have known a lot more about what Wall Street firms were doing, back when they were doing it. All shared a distinction: They had proven far less capable of grasping basic truths in the heart of the U.S. financial system than a one-eyed money manager with Asperger's syndrome. — Michael Lewis

The clothes most worn by people are the clothes least commented on by the press. — Suzy Menkes

In early July, Morgan Stanley received its first wake-up call. It came from Greg Lippmann and his bosses at Deutsche Bank, who, in a conference call, told Howie Hubler and his bosses that the $4 billion in credit default swaps Hubler had sold Deutsche Bank's CDO desk six months earlier had moved in Deutsche Bank's favor. Could Morgan Stanley please wire $1.2 billion to Deutsche Bank by the end of the day? Or, as Lippmann actually put it - according to someone who heard the exchange - Dude, you owe us one point two billion. — Michael Lewis

Could Morgan Stanley please wire $1.2 billion to Deutsche Bank by the end of the day? — Michael Lewis

Lissa's hotel suite had a expansive living room and work area, with an adjacent bedroom accessible through frosted-glass French doors. Serena nodded towards them."How about I just go in there?" A smart idea. Provided privacy but kept her close by. Then, Serena realised her implications, and she blushed. " I mean ... unless you guys want to go in there and I'll-"
"No," exclaimed Lissa, growing more and more embarrassed. "This is fine. We'll stay in here. We're just talking. — Richelle Mead

We fought with those cocksuckers all the way down," says one Deutsche Bank trader. And, all the way down, the debt collectors at Deutsche Bank sensed the bond traders at Morgan Stanley misunderstood their own trade. They weren't lying; they genuinely failed to understand the nature of the subprime CDO. — Michael Lewis

I'd done my time in corporate America, from McDonald's making shakes to Morgan Stanley making deals and, yet, I felt awfully constrained by the uniform - not just my clothes, but how I felt I needed to conform - that a traditional job required me to wear. — Chip Conley

Do you repel pants? Do they actually jump off you?" Dove cringed as she noticed his black socks.
"Pants are afraid of my dick. — Debra Anastasia

After all, I was choosing to walk in the front door of Morgan Stanley every day. I didn't have to. I could make a different choice. I had to stop throwing away my power by focusing on what was wrong and focus on ways, to use a baseball term, "to knock the cover off the ball. — Carla Harris

We do not intend to part from the Americans and we do not intend to be satellites. I am sure they do not want us to be so. The stronger we are, the better partners we shall be; and I feel certain that as the months pass we shall draw continually closer together with mutual confidence and respect. — Harold Macmillan