Word: stanleys
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Read "Can Morgan Stanley and Goldman Sachs Go It Alone...
...Corp. poured $3 billion into New York City--based private-equity firm Blackstone in return for a 10% stake in the company--just before the bottom fell out of U.S. debt and equity markets. That deal was followed by a $5 billion purchase of a 9.9% stake in Morgan Stanley, whose share price has since fallen by more than half...
...some cases, Cuomo says, Merkin told investors only 15% of Ascot investments were placed with Madoff. In reality, the entire fund was invested with the Ponzi scheme, the suit alleges. In another example, the suit says Merkin told investors all of Ascot's assets were maintained in a Morgan Stanley brokerage account, and not with Madoff. In addition, Cuomo charges, Merkin "commingled his personal funds" with his investment funds for his personal benefit, including the purchase of over $91 million in artwork for his New York apartment...
...with some $7 billion invested in his mad world, was run by socialite Walter Noel. But there were dozens of others run by a variety of unregistered funds and characters, including the Ascot Partners fund, run by Ezra Merkin, and on the West Coast, the Brighton Co., run by Stanley Chais, one of three he ran. (See pictures of the demise of Bernie Madoff...
...Like other existentialist plays, the story is secondary to evoking emotion and provoking an audience reaction.The play opens in the dining area of a boardinghouse in a coastal area of England, and immediately launches the audience into the dull lives of Petey and Meg, its proprietors. The entrance of Stanley, an irritable, washed-up pianist and the couple’s only client, adds to the monotony that typifies the characters of the play. However, the ominous arrival of two men dressed in dark suits—Goldberg and McCann—disrupts the established tedium. They inspire...