Word: morgans
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Dates: during 1980-1989
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...Marie Morgan...
...Latin countries with a potential increase of $5 billion in annual interest payments. Meanwhile, big-city banks in the U.S. have taken a beating on Wall Street as investors grow more worried about whether the Latin debts will ever be repaid. Says Rimmer de Vries, chief international economist for Morgan Guaranty Trust: "The world has become much more accident prone. I believe a reasonable solution can still be found, but the stock market is not giving the banks much time...
...about $30 billion a year. This has become a kind of reverse foreign aid with the poor giving to the rich. The situation has brought criticism even from some American institutional investors, who think the banks are pumping a dry well. Says Barton Biggs, chief portfolio strategist at Morgan Stanley: "There is simply no way Citibank can continue to increase its earnings by 15% a year on the backs of millions of sullen Latin American peons...
When Avon, the queen of door-to-door cosmetics, bought Tiffany, the Fifth Avenue squire, in 1979 for $104 million, Wall Street's wise old hands wondered how the marriage would work. It did not. Last week Avon asked Morgan Stanley, its investment banker, to find a buyer for Tiffany...
...like watching your mother getting ravaged by New York thugs," said Greg Kieselmann, co-manager of institutional research at Morgan, Olmstead, Kennedy & Gardner, a Los Angeles brokerage firm. That rather vivid imagery was typical of the investment world's reaction last week after Financier Saul P. Steinberg zapped Walt Disney Productions with a market ploy that made him $32 million richer but may have left Disney much weaker. Steinberg, 44, had just pulled off the latest example of a spreading tactic called greenmail, Wall Street's version of blackmail...