Morgan Stanely: No Ethics

As I read the numerous business reports  about Morgan Stanley’s great financial year.  Morgan Stanley:

“reported the best full-year revenues and earnings in the firm’s history on Monday, and hopes to please shareholders even more with its announcement that it will spin off its Discover credit-card business.” 

With record revenues comes record scandal.  It appears that NASD is suing Morgan Stanley.  Securities regulators charged Morgan Stanley DW Inc. with failing to hand over millions of e-mail messages to investigators and plaintiffs by falsely saying that the documents had been lost in the Sept. 11, 2001, terrorist attack on the World Trade Center, according to a complaint filed yesterday.

Another day, another dollar; Another profit another scandal……..

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