When You Lie Down With Them Dept: Morgan Stanley Has 69% Tier 1 Capital Exposure to the PIIGS

[Joanne98]

That statistic about Morgan Stanley was an eye opener in terms of percent of capital exposure. No wonder Angie Merkel is playing hard to get, holding out for more than another back rub. Morgan Stanley looks like it done slipped in the pig wallow, don'cha know.

Gentlemen, start your presses.



Bloomberg

JPMorgan Has Biggest Exposure to Debt Risks in Europe

By Gavin Finch

April 29 (Bloomberg) -- JPMorgan Chase & Co., the second- biggest U.S. bank by assets, has a larger exposure than any of its peers to Portugal, Italy, Ireland, Greece and Spain, according to Wells Fargo & Co.

JPMorgan’s exposure to the five so-called PIIGS countries is $36.3 billion, equating to 28 percent of the firm’s Tier-1 capital, a measure of financial strength, Wells Fargo analysts including Matthew Burnell wrote today. Morgan Stanley holds $32.4 billion of debt in the region, which equates to 69 percent of its Tier 1 capital, Burnell wrote.

http://jessescrossroadscafe.blogspot.com/2010/04/when-you-lie-down-with-dept-morgan.html

[Kltpzyxm]

1. what a shocker

another wall st bailout coming from We the People.

[RM33]

2. I hope they don't bailout the banks

If American banks go under, then let them die. If they are stupid enough to lend to someone or some country that can't pay them bank, then they should go out of business.

I have no simpathy for the ego driven Jaime Diamon.

[dkf]

3. I assumed Merkel was asking the European banks to take a haircut but maybe

She was talking about US banks.