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Morgan Stanley Peddled Security Its Own Employee Called ‘Nuclear Holocaust’

January 28, 2013 12:06 AM

An Explosive Charge

By Jesse Eisinger Pro Publica

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A new lawsuit suggests employees at Morgan Stanley understood the housing market was in trouble and exploited that knowledge to bet against securities and unload garbage investments on the unsuspecting.

The bank denies wrongdoing.

Link: Explosive Charge: Morgan Stanley Peddled Security Its Own Employee Called ‘Nuclear Holocaust’

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