SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.70-1.2%Nov 14 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: H James Morris who wrote (123970)4/23/2001 10:46:17 AM
From: gladman   of 164684
 
The day of the Fed interest rate cut, Morgan Stanley was scheduled to issue $2.5 billion in bonds to raise money for
itself. The Fed interest rate cut came 1?? hours before this offering. As a result, Morgan was able to increase the issuance to $6 billion, thus getting a gift from Mr. Greenspan of about $3.5 billion. Morgan Stanley has been hit hard with junk bond defaults and now may be hit again with the Argentinian bond problems. They needed the money fast. I'm sure they say, "thank you Dr. Greenie."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext