Morgan Stanley Institutes Hiring Freeze, May Follow Up With "Significant Cuts" If Market Boycott Continues

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Mon, 09/27/2010 - 15:03 | 607813 OnTheWaterfront
OnTheWaterfront's picture

Pink slips Bitchz

Mon, 09/27/2010 - 15:14 | 607869 kato
kato's picture

you are gay

Mon, 09/27/2010 - 15:23 | 607906 Dr. Richard Head
Dr. Richard Head's picture

Actually he is quite right.  Could be happier really.  Fuck these fiat fools.

Mon, 09/27/2010 - 15:42 | 607973 Everyman
Everyman's picture


Mon, 09/27/2010 - 15:15 | 607877 nwskii
nwskii's picture

Nice one, I think a bitchez comment should be mandatory first comment on every article

Mon, 09/27/2010 - 16:42 | 608158 Jake Green
Jake Green's picture

no, its time for some new schtick

embrace change, bitchez

Mon, 09/27/2010 - 15:23 | 607907 midtowng
midtowng's picture

I might even shed a tear out of my one good eye.

What is needed is some sort of law that requires small investors to send all their money to Wall Street so that bank executives can keep getting billion dollar bonuses. After all, they can't trickle down if they don't rob us all first.

Mon, 09/27/2010 - 15:28 | 607925 Miss Expectations
Miss Expectations's picture

And that trickle ain't no golden shower...or is it?

Mon, 09/27/2010 - 16:46 | 608177 Moneygrove
Moneygrove's picture

Enjoy working at MCDonalds !!!!!!!! I want fries with that !!!!!!!! think they will still care about bush taxcuts ????????????? lol

Mon, 09/27/2010 - 16:55 | 608200 futboller04
futboller04's picture

That's great.  Well done.

Mon, 09/27/2010 - 18:08 | 608381 kathy.chamberli...'s picture

you look more like a scum player, in rugby.

Mon, 09/27/2010 - 15:04 | 607815 Shameful
Shameful's picture

Good. We don't need humans when we have machines running the market scalping each other and the humans.  Should sell it as the market getting more efficient as the move completely to a web of servers that molest anyone foolish enough to toss a bet out there.  The lower tier Wall Street Warriors can join main street here on Desolation Row.

Mon, 09/27/2010 - 15:05 | 607819 EscapeKey
EscapeKey's picture

"the likelihood that very soon the FASB may require banks to report the actual MTM value of their hundreds of billions in underwater loans"

Is there a way for me to bet this will be extended?

Mon, 09/27/2010 - 15:14 | 607868 hdunn2
hdunn2's picture

Yes, go long C, mbia/ short sanity.

Mon, 09/27/2010 - 17:00 | 608206 Blano
Blano's picture

I was considering betting a Silver Eagle that it wouldn't happen.

Mon, 09/27/2010 - 15:07 | 607833 Sqworl
Sqworl's picture

It's a good day for Zoe Cruz HF...:-)

Mon, 09/27/2010 - 15:08 | 607836 candyman
candyman's picture

I thought MTM was dead? I've been waiting for this for 2 years. Where can I follow these developments and who is leading the charge.

Mon, 09/27/2010 - 16:28 | 608114 Dr. No
Dr. No's picture

MTM will come when the banks need it.  Mostl likely after another melt down when they need a loop hole to help cook the books.

Mon, 09/27/2010 - 15:09 | 607844 chet
chet's picture

Will financially innovate for food.

Mon, 09/27/2010 - 15:15 | 607878 carbonmutant
carbonmutant's picture

Or you could just license your algos to the retail market...

Mon, 09/27/2010 - 15:11 | 607852 xi
xi's picture

Treasury curve is flat.  Banks never do well when she is flat with no curves.

Mon, 09/27/2010 - 15:11 | 607853 MarketTruth
MarketTruth's picture

Oh, my poor little heart bleeds out for them.

F#<K "EM!!!!

Mon, 09/27/2010 - 15:12 | 607855 NotApplicable
NotApplicable's picture

Not to worry, the BLS is going to start counting HFT algos as the equivalent of 1000 Wall St. workers, thereby deducing that actual job losses are more than made up for by the space created for the algos to operate in, making job numbers net positive.

Mon, 09/27/2010 - 15:47 | 607996 Uncle Sugar
Uncle Sugar's picture


Mon, 09/27/2010 - 15:12 | 607857 UncleFurker
UncleFurker's picture


Pink slips on Wall Street? My heart pumps piss for you.


Mon, 09/27/2010 - 15:13 | 607858 hdunn2
hdunn2's picture

Double post.

Mon, 09/27/2010 - 15:13 | 607861 EscapeKey
EscapeKey's picture

So, the still can't work out why I don't want to put my savings into their investment accounts?

Because if I do, they will recommend I buy stock as it's about to crash. Their HFT computers will front run my trades. Their "chinese wall" (ie, none) separated computers can work out in a split second at what price my margin call will be triggered, and their HFT computers will take the price there. And if such blatantly illegal behaviour is discovered, they will pay the tiny fine from the proceeds they stole from me, and I will receive ZERO compensation.

And on top of all this, I have to PAY COMMISION FOR EACH TRADE I DO.

So FUCK YOU, Morgan Stanley. The second you start honoring individual investors again, I might consider it, but you SO OBVIOUSLY have no respect for anything but your own pay packages.

Mon, 09/27/2010 - 17:43 | 608304 Misstrial
Misstrial's picture


Succinctly stated!


Mon, 09/27/2010 - 18:12 | 608393 kathy.chamberli...'s picture

i opened an account with MS , what dumb do do's. i think i knew more than the guy i was given to manage my account. i even made a complaint, they didn't do a stock, you know when you get 2 for 1, right.

Mon, 09/27/2010 - 15:13 | 607862 CPL
CPL's picture

MS and the rest of the fucking dirt bags with the big iron HFT's are getting all ascared they pissed and shit in the the sandbox so much that no body wants to come in and play with them anymore.

boo fucking hoo.

Can't wait to dance on that company's grave and start attacking it's baby umbrella companies.


Mon, 09/27/2010 - 15:27 | 607921 Dr. Richard Head
Dr. Richard Head's picture

Yeah I thought cat shit was bad in the sandbox when I was a kid.  Now you have the filet mignon filled, cocain rolled, alcohol drenched banker turds in the sandbox.  It makes the cat shit look palatable. 

Mon, 09/27/2010 - 15:45 | 607989 CPL
CPL's picture

Agreed, I'll eat a shit sandwich before those half assed scalpers get a nickle of my money or my time to consider their "plight".

Mon, 09/27/2010 - 17:45 | 608313 Hephasteus
Hephasteus's picture

I'll give em a hug. Let me get my knife.

Mon, 09/27/2010 - 15:43 | 607979 Everyman
Everyman's picture


Mon, 09/27/2010 - 15:13 | 607864 carbonmutant
carbonmutant's picture

 Well I guess it come down to who makes more money, the bots or the humans...

Mon, 09/27/2010 - 15:14 | 607865 vote_libertaria...
vote_libertarian_party's picture

So will FASB actually provide very clear, hard to fudge rules?

A lot of what they write is fuzzy guidelines.


Define delinquent, non performing, full payment, current, not delinquent, etc...

Mon, 09/27/2010 - 15:14 | 607872 Clark_Griswold ...
Clark_Griswold Hedge Mnger's picture

Don't let the golden door knob hit you in the ass on the way out!

Don't think I'll loose sleep over this one.

Mon, 09/27/2010 - 15:15 | 607876 espirit
espirit's picture

But wait! What happened to Wall Street hiring 2k people?

Hired and fired in an HFT nano...

Mon, 09/27/2010 - 15:16 | 607882 Shameful
Shameful's picture

Hmmm, that would be good get these algos working on the BLS.  That should get a good ramp on the employment figures, with the occasional flash crash.

Mon, 09/27/2010 - 15:16 | 607880 ZackAttack
ZackAttack's picture

Also hoping these guys are taking it up the chute on their (supposedly) massive GGB position.

Mon, 09/27/2010 - 15:18 | 607888 Miramanee
Miramanee's picture

I agree with all of the disgust expressed on these pages. The system is corrupt to its very core. Americans' have virtually no capacity for independent thought. Our brains are saturated with deep fat and heart-wrenching bits of propaganda on the telly by companies like BP and AMEX...and we bite at the bait, every time. Sad fuckers we.

Mon, 09/27/2010 - 15:18 | 607889 John McCloy
John McCloy's picture

well said Tyler. There is no volume and hardly anyone is left In the game but the primarily dealers. That means there is only each others money left to take and it's time to shank one another in the shower for profits.
Mexican Standoff with financial nukes.

Mon, 09/27/2010 - 15:19 | 607893 InconvenientCou...
InconvenientCounterParty's picture

Like a good puppet, Gasparino got in the sideways assertion that the Wall Street is good for main street and GOP is the only way to get back the "tailwind".  The real prize is the privatization of SS and medicare. Watch how Wall Street salivates and tries not to let their fangs show.

Mon, 09/27/2010 - 15:23 | 607899 Samsonov
Samsonov's picture

The conclusion contradicts the event.  The market is manipulated and broken, but it's the manipulators and breakers who are losing money and being driven from the market.  How is this not good news for me, and for us?  The rational conclusion would be that the time to buy stocks is approaching.  When the sharks die off, I can go for a swim.

Mon, 09/27/2010 - 15:22 | 607904 RmcAZ
RmcAZ's picture

Markets are artificially pumped... why can't we have volume artificially pumped as well? Actually, they could just hire a bunch of unemployed people and have them buy and sell stocks to each other... They are employed, volume increases, Morgan Stanley can keep hiring, DOW 36,000, economy solved.

Right? Right...?

Mon, 09/27/2010 - 15:47 | 607995 CPL
CPL's picture

Unless it's government sancitioned it's only a ponzi scheme...

Mon, 09/27/2010 - 18:14 | 608401 kathy.chamberli...'s picture

i like your babe.

Mon, 09/27/2010 - 15:24 | 607908 espirit
espirit's picture

Please,please,please, more QE2 please!

...or we're going to contribute to the unemployment figures.

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