Morgan Stanley

Three of Wall Street biggest and best-known financial institutions handled the Facebook IPO, so why were people immediately suspicious when the stock soared and then promptly tanked? Easy answer: Because three of Wall Street biggest and best-known financial institutions handled the Facebook IPO. more »

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The so-called “centrists” at Third Way Foundation have come out against a national foreclosure moratorium, but like many of Third Way’s policies, there’s nothing centrist about their opposition. more »

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When the nation's most prestigious investment banks found themselves on the verge of total annihilation in the fall of 2008, the most radical and effective government response was not the infamous $700 billion Troubled Asset Relief Program. more »

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An anonymous email's been making the rounds on Wall Street from some loser who thinks he's a shark. It's a nasty piece of work that reveals the mentality of the people that have been running our economy for some time, thanks to deregulation and political influence peddling. We caught a glimpse of that mentality in Goldman Sachs' testimony last week. But even though they seemed pretty odious to the public, the Goldman Sachs boys actually had their "play nice" faces on.

This email takes off the mask. It reveals the psychology of Wall Street in its rawest form. If it didn't it wouldn't have gone viral so quickly, being passed all around the Street by brokers satisfied that someone is finally telling "Joe Mainstreet" what superior human beings - what ubermenschen - brokers really are.

We've responded, below, and we're offering a challenge to the author: We'll debate you anytime.

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