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US probing Morgan Stanley deals: media

US federal prosecutors are investigating whether Morgan Stanley misled investors about financial derivative deals against which it sometimes bet, The Wall Street Journal reported Wednesday. The suspicions were similar to civil fraud charges faced by Goldman Sachs, which is also under investigation for how it designed and sold mortgage-related products…

Bailed out Wall Street firm caught on tape: tells staff to deny payout is a bonus

Your tax dollars at work. Bush rolled out TARP with little oversight and this is why almost no one has sympathy for the banks and financial firms that have done everything in their power to keep living the high life on your dime. This Huff Post piece by Sam Stein…

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