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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: John McCarthy who wrote (71842)	11/30/2007 1:54:54 PM
From: RealMuLan	Read Replies (1) of 116555

>>MORGAN STANLEY's share is a $3.7 billion write-down that the bank will take in the fourth quarter.<< That is a typo? right?<g> here said $5.7 bil today.reuters.com Morgan Stanley may face $5.7 bln Q4 writeoff-CNBC Fri Nov 30, 2007 1:16pm ET NEW YORK, Nov 30 (Reuters) - Morgan Stanley (MS.N: Quote, Profile , Research) may face a fiscal fourth-quarter write-down of as much as $5.7 billion for mortgage-related losses, CNBC television said on Friday. The pretax amount is $2 billion higher than the amount the Wall Street company said it will write down for mortgage-related trading losses in September and October. Morgan Stanley's fiscal fourth quarter ends this month. On Thursday, Zoe Cruz was ousted as Morgan Stanley's co-president. Several analysts have said her departure is related to the mortgage losses. Analysts on average expect Morgan Stanley to post a fourth-quarter loss of 4 cents per share, according to Reuters Estimates. (Reporting by Jonathan Stempel, editing by Phil Berlowitz) © Reuters 2007. All Rights Reserved.

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