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Mitsubishi UFJ Releases Rescue Attempt Of Morgan Stanley: Time For Orkimedes Of Omaha To Take Another Bath?

Tyler Durden's picture


Just because outright denials by Dick Bove, Alliance Bernstein, Credit Suisse, Jim Cramer and Wells Fargo were not enough to prevent a rout of Morgan Stanley stock after someone dared to point out one simple observation, here comes the 2008 deja vu when the Asians had to step up and protect their "strategic alliance" partners, also known as deeply underwater investments. We expect another Eureka moment from the Orkimedes Of Omaha (and grand tax vizier) shortly.

Just released:

Mitsubishi UFJ Financial Group, Inc. (“MUFG”) (NYSE:MTU) today issued the following statement regarding its strategic alliance with Morgan Stanley
(NYSE: MS): 


“In response to recent market volatility MUFG wishes to reiterate that we are firmly committed to our long-term strategic alliance with Morgan Stanley. The special relationship we have formed remains core to our global business strategy. We will continue to work to leverage Morgan Stanley's superior franchise strengths in institutional securities and wealth management with our substantial deposit base and global corporate banking business to add value to both franchises over the decades to come.”


About MUFG


MUFG is one of the world’s leading financial groups, with total assets of JPY206 trillion (approximately US$2.6 trillion) as of June 30, 2011. MUFG’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management and leasing. The Group’s operating companies include The Bank of Tokyo-Mitsubishi UFJ, Ltd. Japan’s largest commercial bank, Mitsubishi UFJ Trust and Banking Corporation, Japan’s leading trust bank, and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., one of Japan’s largest securities firms. For more information about MUFG, please visit


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Mon, 10/03/2011 - 17:36 | 1734726 PicassoInActions
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history never repeats its self..... this time is different.


Can we bring BOJ to intervene? i need jpy to weaken... Some1?

Mon, 10/03/2011 - 18:14 | 1734846 nope-1004
nope-1004's picture

The oracle of obama to the rescue?


Mon, 10/03/2011 - 18:33 | 1734881 eureka
eureka's picture

SURE - Buffet's eureka moments amount to barfing billions into corrupt and stealthily bankrupt corporations, followed by extensive promotional appearances in MSM asserting "they're a great company" -

Ruff-rufff.  I am Warren The Billion Barfer.


Mon, 10/03/2011 - 18:49 | 1734924 Ricky Bobby
Ricky Bobby's picture

You forgot to add - and after the dog and pony show, the state intervenes to gurantee the bathtub barnicle a substancial profit.

Quid Pro Quo Bitchez, Long Live Crony Capitalism!

Mon, 10/03/2011 - 20:09 | 1735213 AldousHuxley
AldousHuxley's picture

Lost 2 decades due to deflation Japan rescues lost 1 decade and counting America.....


Everything you see is just a facade.

Retarded Americans time to face reality....that you are stupid and poor. Better kill of your royalty now, before they kill you first. Slaves are sold off by their own country's masters.







Mon, 10/03/2011 - 19:06 | 1734980 akenathon
akenathon's picture

Can we bring BOJ to intervene? i need jpy to weaken... Some1?

I think that the US and Japan will intervene together and here's why

BOJ asked all banks to give full details of who's buying and selling JPY -

While not an easy task as you would have to have details on the other side of the trade, I think they will discover that the ones who are buying JPY are Chinese as weakening Japan through JPY rise is in their direct interest

By weakening Japan, Chinese might get control of high tech products where the world it's a major buyer

I think they (US and Japan) understood that and by fixing a USD/JPY at 100 for example they would kill Chinese short USD positions and kill their investments into JGBs as they were major buyers of it lately.

A rise in the US would automatically send JGBs yields up and thus erase big gains for China

I think that the US/China war started already long time although it could get a lot worse and expect the next move to happen into USD/JPY and 100 currency peg might even be too low

Mon, 10/03/2011 - 17:38 | 1734728 treemagnet
treemagnet's picture

Uncle Warren wants YOU!

Mon, 10/03/2011 - 18:29 | 1734874 sitenine
sitenine's picture

Fuck Warren! He is in bed with the political administration. He bought immunity from prosecution with his stupid BOA purchase, and he is wrong about stock repurchases in Burkshire. This crisis is NOT a confidence problem, and Warren is a complete Fucking idiot to treat it as one.

Mon, 10/03/2011 - 19:13 | 1734949 Freddie
Freddie's picture

I hope when he is taking his bath that someone shoves a Nebraska corn cob up his rectal orifice to where the sun don't shine.  He will have to do an LBO of Roto Rooter to get it removed.

Mon, 10/03/2011 - 21:45 | 1735489 AldousHuxley
AldousHuxley's picture

He is taking Morgan Stanley wives to shopping...


NOt even 6 months ago this shit happened:

The Real Housewives of Wall Street Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?

Mon, 10/03/2011 - 17:39 | 1734729 walküre
walküre's picture

Buffet bought several US Financials in August / September of 2011.

He is said to have Obama's ear (or is it the other way around?).

When Buffet asks for more QE to save his a$$, do we wonder .. oh where to even begin.


Mon, 10/03/2011 - 19:37 | 1735099 zorba THE GREEK
zorba THE GREEK's picture

Somebody should tell Warren, BAC is on sale...$5.53... maybe they'll throw in some more warrants with that.

Mon, 10/03/2011 - 19:59 | 1735179 Alea Iactaest
Alea Iactaest's picture

Begin right after realizing how underwater he is on the SPX puts he sold. Really think those will expire ITM? More likely that he will sell a few more to the Fed as a stealth bailout.

Mon, 10/03/2011 - 17:40 | 1734732 jmcadg
jmcadg's picture

Are BoA and Morgan Stanley having a race?

Mon, 10/03/2011 - 17:43 | 1734743 junkyardjack
junkyardjack's picture

We'll just all pretend Citi wouldn't be a penny stock without its reverse split

Mon, 10/03/2011 - 19:47 | 1735131 ArkansasAngie
ArkansasAngie's picture

I've been watching that too.  If one were a speculator the seesaw swings is opportunity to the lucky.  Of course ... this could well be a "can't win for losing" kind of situation, too.

Mon, 10/03/2011 - 17:41 | 1734733 zorba THE GREEK
zorba THE GREEK's picture

It kinda reminds me of a certain Saudi Prince and Citigroup. Hows that working out Prince?

Mon, 10/03/2011 - 18:09 | 1734839 GrinandBearit
GrinandBearit's picture

OMG, I forgot about that moron!  They used to trot him out on CNBC every week back in 2008. 

Didn't that idiot buy a few millions shares of C when in was in the 30's?

Mon, 10/03/2011 - 18:39 | 1734892 WestVillageIdiot
WestVillageIdiot's picture

Then he's not doing so badly.  It is still in the twenites.  Oh yeah, reverse split, 10 for 1, forgot about that.  Sorry.  I was typing this in the tub while I was playing with my rubber duckie and then I suddenly remembered, "hey, I don't own a rubber duckie". 

Mon, 10/03/2011 - 19:02 | 1734963 Freddie
Freddie's picture

That POS has investments in every TV network in the USA.  He calls the shots at Fox/News Corp.  All of TV is the same - all to brainwash the sheep.

Mon, 10/03/2011 - 17:48 | 1734737 dwdollar
dwdollar's picture

Bove... haha...

Watch at 1:40

Is that why BofA website has been down all day? Because people are just checking their large deposits... LOL... I doubt it Bove.

Mon, 10/03/2011 - 18:12 | 1734844 Rick64
Rick64's picture

"Bove says banks getting stronger and stronger"

And cheaper and cheaper. You don't see that everyday. Bove is right up there with Cramer.

Mon, 10/03/2011 - 17:43 | 1734739 redpill
redpill's picture

Pretty soon we'll just have one big company called GoldmanFargoCitiOfAmericaJPMorganStanleySmithBarneyFrank, and the oligarchs will approve because they only have to make 1 phone call per day to negotiate their next bribe.

Mon, 10/03/2011 - 19:12 | 1734997 Taint Boil
Taint Boil's picture

Zero Hedge is better than porn ...........

Mon, 10/03/2011 - 20:45 | 1735316 Your Creator
Your Creator's picture

Zero Hedge definitely has the best comedy commentors in the business.  I get more laughs out of Zero Hedge comments than stand up comedians.

Mon, 10/03/2011 - 21:28 | 1735442 AldousHuxley
AldousHuxley's picture


I don't know about that....BOAmerica about to foreclose itself....with Shitty bank following.

Mon, 10/03/2011 - 17:43 | 1734744 jmcadg
jmcadg's picture

They can't afford their server bills!

Mon, 10/03/2011 - 17:49 | 1734771 Seasmoke
Seasmoke's picture

thats BOA, c'mon lets get our insolvent banks problems correct !

Mon, 10/03/2011 - 17:44 | 1734745 d00daa
d00daa's picture

ms up three cents to 12.50 ah on the news.


Mon, 10/03/2011 - 17:47 | 1734752 franzpick
franzpick's picture

The 30 plus year fed-sponsored credit binge made most everyone look good and made some managers look great, but the ongoing credit collapse will reveal how little the Orifice of Omaha and other heroes really knew.

Mon, 10/03/2011 - 17:46 | 1734756 kito
kito's picture

"We will continue to work to leverage Morgan Stanley's................"


funny and all along i thought morgan stanley's leverage was a problem????.............




Mon, 10/03/2011 - 17:47 | 1734760 Rob Jones
Rob Jones's picture

Japan is a bug waiting for a windshield.

Mon, 10/03/2011 - 21:50 | 1735510 nasa
nasa's picture

3/11 was the windshield.

Mon, 10/03/2011 - 17:47 | 1734763 buzzsaw99
buzzsaw99's picture

Talk is cheap. Step right up MUFG, and buy the common. WTF? LOL!

Mon, 10/03/2011 - 18:01 | 1734819 DosZap
DosZap's picture


Would have to be worth 19x's+ their shown net holdings just to cover GS OTC Derivatives..............

Mon, 10/03/2011 - 18:05 | 1734831 buzzsaw99
buzzsaw99's picture

that's another reason why this sounds like mere jawboning to me.

Mon, 10/03/2011 - 18:06 | 1734837 Snidley Whipsnae
Snidley Whipsnae's picture

+1 Buzzsaw99... talk is about what they have left... in a bag that was full of blockheads and hammers...

Mon, 10/03/2011 - 20:44 | 1735313 WonderDawg
WonderDawg's picture

Whenever I see the MUFG acronym, my brain immediately says, "muhfuggah".

Mon, 10/03/2011 - 17:47 | 1734765 Cman5000
Cman5000's picture

The Orkimedes Of Omaha is trying prop up a system in collapse. Well maybe he will go down in flames with the rest of them ...

Mon, 10/03/2011 - 17:53 | 1734787 King_of_simpletons
King_of_simpletons's picture

The Omahan Obleisk is senile, advanced stages.

Mon, 10/03/2011 - 18:03 | 1734827 DosZap
DosZap's picture


is trying prop up a system in collapse

Buffet would need 10,000x's his net worth, just to start.

Mon, 10/03/2011 - 19:50 | 1735146 ArkansasAngie
ArkansasAngie's picture

Warren is insolvent.  He is bankrupt.  WHen they prop up AIG, BOA etc.  they pump up Warren or some other Arsehole ... easy come ... easy go. 

Mon, 10/03/2011 - 17:54 | 1734789 americanspirit
americanspirit's picture

MUFG - pronounced MuFug, short for motherfuckers. Little banzai motherfuckers sticking by their Man Stan. Sweet.

Mon, 10/03/2011 - 17:55 | 1734791 Mae Kadoodie
Mae Kadoodie's picture

Morgan Stanley and Mitsubishi are pleased to announce the opening of their new Fukushima branch

Mon, 10/03/2011 - 17:59 | 1734809 Gubbmint Cheese
Gubbmint Cheese's picture

feedback on the new Fukushima office has been positively glowing........



Mon, 10/03/2011 - 18:00 | 1734815 redpill
redpill's picture

And when you have that kind of energy, it just spreads throughout the whole organization!

Mon, 10/03/2011 - 18:02 | 1734825 kito
kito's picture

leaving employees and clients radiating with happiness!!!!

Mon, 10/03/2011 - 18:11 | 1734843 buzzsaw99
buzzsaw99's picture

We are expecting an in-FUSION of free radical particle emissions from the MS pool of toxic assets and fission byproducts?

I blew it, I know. ;)

Mon, 10/03/2011 - 18:30 | 1734876 slewie the pi-rat
slewie the pi-rat's picture

the new tent to cover fuk_u #1 will have prominent MUFG logo advertiZing!

slewie ads:  putting a confident, corporate face to every disaster!

Mon, 10/03/2011 - 18:35 | 1734886 CharlieSDT
CharlieSDT's picture

The new chair of the bank will Tim Geiger.

Mon, 10/03/2011 - 18:56 | 1734891 tickhound
tickhound's picture

"I will torch the competition and engulf new customers"

Mon, 10/03/2011 - 18:45 | 1734908 WestVillageIdiot
WestVillageIdiot's picture

"And you will positively love our tellers.  They all have 3 tits." 

Mon, 10/03/2011 - 18:00 | 1734814 Snidley Whipsnae
Snidley Whipsnae's picture

MUFUGS are bailing out Morgan Stanley? Crack biz must be booming...

Mon, 10/03/2011 - 18:28 | 1734871 Schmuck Raker
Schmuck Raker's picture

No bailing mentioned. That's the Fed's job.

This is just some verbal boostering it seems.

Mon, 10/03/2011 - 18:01 | 1734822 boom goes the d...
boom goes the dynamite's picture

and the train kept a rollin, all night long

Mon, 10/03/2011 - 18:04 | 1734824 reader2010
reader2010's picture

They're all Zombies by now. Where are those SWFs nowadays when you need at least one?

Mon, 10/03/2011 - 18:05 | 1734833 Snidley Whipsnae
Snidley Whipsnae's picture

Meanwhile, back at the ranch... PMs are being rounded up...

Mon, 10/03/2011 - 18:05 | 1734834 disabledvet
disabledvet's picture

the Oracle is definitely in full on soothsayer mode. Not that I'm picky about oracles per se but a healthy dose of fire and brimstone is for me a critical accessory to maintain...oracularity. The the New England "your a spider dangling over the flames of hell and your hanging by a thread" kinda thing. And some eye of newt of course (but that just goes without saying.)

Mon, 10/03/2011 - 18:23 | 1734855 bob_dabolina
bob_dabolina's picture

Nigga WHAT? stilllll down? 


(it's ok that I say 'nigga' it was talked out on The View today) Yes Barbara Walters said "niggerhead" on the telly and so did everyone else on that show. I was tickled to say the least.

Mon, 10/03/2011 - 18:23 | 1734863 alien-IQ
alien-IQ's picture

if it's ok for Bawa Wawa then it's a green light for America.

have at it.

Mon, 10/03/2011 - 21:33 | 1735455 AldousHuxley
AldousHuxley's picture

don't worry bitches, Mitsubishi UFOs are  coming to rescue Bank of Aholes.

Mon, 10/03/2011 - 18:21 | 1734858 alien-IQ
alien-IQ's picture

the flare for linguistic acrobatics displayed at ZH would make Tom Waits proud.

"We expect another Eureka moment from the Orkimedes Of Omaha (and grand tax vizier) shortly."

That's just fuckin beautiful...and it's not even one of the better ones I've seen here.

Mon, 10/03/2011 - 18:25 | 1734865 Bastiat
Bastiat's picture

Anecdote:  a colleague told me that in her neighborhood (in Oakland, CA) almost everyone she knows is bailing out of BAC and rest of the fee-jackers and heading into local banks and credit unions.  Never heard of anything like that before, fwiw.  She is NOT financially savvy.  This anti-TBTF bank energy may be turning into a popular groundswell of ill-will.

Mon, 10/03/2011 - 20:53 | 1735332 WonderDawg
WonderDawg's picture

If that movement got legs, it would be much more powerful than Occupy Wallstreet. That movement gets legs on a grand scale and "the consequences could be dire".

Mon, 10/03/2011 - 18:25 | 1734867 Your Creator
Your Creator's picture

I've fallen and i can't get up.

Mon, 10/03/2011 - 18:38 | 1734890 slewie the pi-rat
slewie the pi-rat's picture

well, you're here, so hi!

now, go fight a troll!

Mon, 10/03/2011 - 18:38 | 1734880 Miles Kendig
Miles Kendig's picture

We will continue to work to leverage Morgan Stanley's superior franchise strengths

We apologize to our wealth management clients for no longer having shares of MS to borrow as we have liquidated our positions - MUFG

Mon, 10/03/2011 - 19:50 | 1735145 Freddie
Freddie's picture

Does anyone have any idea how MS destroyed themselves?  I thought they got a huge bailout. I know Stan O'Bmama at Merrill decided to nuke the place going ALL in on mortgage backed secs.

I did not think MS had a huige trading desk. Incredible.

Mon, 10/03/2011 - 18:34 | 1734883 itstippy
itstippy's picture

It reads to me like MUFG is giving "full moral support" to Morgan Stanley, in recognition of their "strategic alliance".

Full moral support is what one gives when one is unwilling to send troops or money. 

Mon, 10/03/2011 - 18:42 | 1734898 Al Huxley
Al Huxley's picture

OT, gold's popped fairly significantly in after-hours trading, after selling off somewhat into the close. Pop started more or less immediately after market close. This is a bigger-than-usual move for this time of day. I don't usually ascribe too much importants to price moves at this time, but given the way the day went, and closed, and the general volatility in the markets right now, I think it might be significant. Have to see what happens tomorrow at 8:00 ET.

Mon, 10/03/2011 - 18:44 | 1734907 zorba THE GREEK
zorba THE GREEK's picture

Obama, Bernanke, and the whole Washington Crew are doing a good job for all of us.

That is for all of us holding PMs.

Mon, 10/03/2011 - 18:49 | 1734927 Miss Expectations
Miss Expectations's picture


Music Uplifting For Gormandizers

Mon, 10/03/2011 - 19:02 | 1734959 SwingForce
SwingForce's picture


If you shovel another load of cash to these idiots, I won't vote for you I'll vote for RON PAUL.

Mon, 10/03/2011 - 19:05 | 1734970 azzhatter
azzhatter's picture

Becky, warm up the bath water, Warren needs a rub

Mon, 10/03/2011 - 19:08 | 1734987 Coldfire
Coldfire's picture

Moron Stanley.

Mon, 10/03/2011 - 19:12 | 1734995 ZeroAffect
ZeroAffect's picture

MUFG wishes to reiterate that we are firmly committed to our long-term strategic alliance with Morgan Stanley.

MUFG is shorting MS's stock with one hand while distracting with the other.

Mon, 10/03/2011 - 19:44 | 1735122 rockraider3
rockraider3's picture

I'd guess that they aren't, considering that MUFG owns 21% of Morgan Stanley, courtesy of their $9 billion investment in October 2008.

Mon, 10/03/2011 - 19:14 | 1735005 Spigot
Spigot's picture

Just opinion here, but has anyone ever considered that these well publicized "investments" never really happened at all after the publicity went out? Or that what happened was in reality an "investment" collaterized by a very juicy chunk of sirloin from the choicest cut of the "corpus" so to speak. These guys are not as stupid as people make out, you know.

Mon, 10/03/2011 - 19:20 | 1735022 Dr. Engali
Dr. Engali's picture

Hey don't be so hard on Cramer. He made me a lot of money by taking on the other side of his trade.

Mon, 10/03/2011 - 19:29 | 1735060 oogs66
oogs66's picture

mufg is mofo'd

Mon, 10/03/2011 - 19:43 | 1735117 rockraider3
rockraider3's picture

Well, no surprise here.  MUFJ is just protecting their $9 billion dollar investment in Morgan Stanley made in October 2008.  Did we think that they'd drop that kind of change and not come out in support of MS now?  Afterall, they do own about 21% of the company.  Well, I call it ownership, they call it a strategic alliance.

Mon, 10/03/2011 - 20:04 | 1735196 SILVERGEDDON

Let the good ole boy get into the water up to his neck - the sharks smell blood. When they tear him open for good, several hundred rubber duckies will appear in the financial blood and guts floating on the surface. He always did know where the "lost" ducks a day, like the vitamins, up the pooper.

Mon, 10/03/2011 - 20:08 | 1735208 Cone of Uncertainty
Cone of Uncertainty's picture

MUFG, you are firmly fucked, that is what you are.

Mon, 10/03/2011 - 20:40 | 1735297 Hulk
Hulk's picture

MS trading at less than half its book value. Wonder what Mr Market is trying to tell us?

Mon, 10/03/2011 - 20:59 | 1735345 jm
jm's picture

Reality pressed some shit between the pages.

Mon, 10/03/2011 - 21:25 | 1735430 Hulk
Hulk's picture

It do feel like March of 2008, all over again...

Mon, 10/03/2011 - 23:07 | 1735764 Mentalic
Mentalic's picture


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