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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: CommanderCricket9/17/2008 3:03:21 PM
2 Recommendations  Read Replies (5) of 206182
 
It's not like these guys/gals haven't been playing the same game with fellow competitors.

Morgan Stanley Blames Short Sellers For Stk Price-CNBC Gasparino
Last update: 9/17/2008 2:54:34 PM
DOW JONES NEWSWIRES

Morgan Stanley (MS) Chief Executive John Mack told employees Tuesday that short sellers are causing the deterioration of the firm's stock price as fear and rumors buffet the market, CNBC's Charlie Gasparino reported Wednesday.

"It's very clear to me that we're in the midst of a market downturn that's controlled by fear and rumor and short sellers driving down our stock," he said in a memo.

Mack's memo also said he is aggressively pursuing government intervention and has been in touch with Securities and Exchange Commission head Christopher Cox and Treasury Secretary Henry Paulson.
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