Anatomia del Pánico en Morgan Stanley

En este articulo se detalla como en plena crisis financiera de la tercera semana de setiembre, luego de la quiebra del Lehman Brothers, la siguiente victima aparentemente era el Morgan Stanley, y muestra como una serie de rumores presumiblemente originados por bancos competidores casi derrumban a esta institución


Anatomy of the Morgan Stanley Panic

Two days after Lehman Brothers Holdings Inc. sought bankruptcy protection, an explosive rumor spread that another big Wall Street firm, Morgan Stanley, was on the brink of failure. The chatter on trading desks that Sept. 17 was that Deutsche Bank AG had yanked a billion credit line to the firm.

That wasn't true, but it helped trigger a cascade of bearish bets against Morgan Stanley. Chief Executive Officer John Mack complained bitterly that profit-hungry traders were sowing panic. Yet he lacked a critical piece of information: Who exactly was behind those damaging trades?