A week after Jim Willie claimed Morgan Stanley is experiencing liquidity concerns and their senior managers have been selling legacy stock positions, the Wall Street Journal reports today that in an agreement with Citigroup, Morgan Stanley will gain access to $48 billion in former Smith Barney brokerage deposits by 2015.
The Doc sat down with the Golden Jackass himself Monday for an exclusive MUST LISTEN interview.
Willie informed The Doc that it appears that Morgan Stanley was used by the cartel to prevent a collapse in treasury bonds in 2010, and believes that Morgan Stanley was set up at the time by cartel banks as the next major financial firm to fail.
Morgan Stanley put on $8 TRILLION in interest rate swaps in the first half of 2010. I call them the designated hitter for Wall St. Why wasn’t it JP Morgan, BOA, or Goldman Sachs? My theory is simple: THEY EXPECTED LATER TO KILL MORGAN STANLEY! Lehman Brothers was killed because they had huge mortgage bonds and other things that weren’t exactly desirable. Bear Stearns was killed because they were pro gold and short the dollar.
Morgan Stanley created the false impression of a flight to safety in US treasury bonds. Take a look at the 10 year yield early in 2010. It was moving up to the 3.5% range! Alarm bells were going off! They were talking about QE and bond monetization by the Fed! China was backing out of buying treasury bonds! We had more supply, and less demand, and a rising 10 year yield. Suddenly we had a tremendous ‘flight to safety’. What a bunch of propaganda!
Willie also discusses reports from sources within MS that the firm’s veteran fund managers have been selling long-term stock positions, and states that whether it is MS or another brokerage, the next step in the chain of segregated client fund thefts will be the theft of PRIVATE SEGREGATED STOCK ACCOUNTS!