Morgan Stanley - next ?

Investment bank Morgan Stanley could be the next target of the US financial crisis that has felled some of the biggest giants of Wall Street, says a 30-year veteran bond trader who lived through the October 1987 ‘Black Monday’ stock market crash.

“If I were to take the next target, it would be Morgan Stanley... I think they’re next in line,” says John J Jansen, who began his career at the Open Market Desk of the Federal Reserve Bank of New York and spent several years trading treasuries and high-grade fixed income products for some of the largest primary dealer firms.

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