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Morgan Stanley’s $9,000,000,000.00 Check. That’s $9 Billion!
Updated 3 months ago
Source: http://www.andrewrosssorkin.com/
As detailed in Too Big to Fail: How Wall Street and Washington Fought to Save the Financial System — and Themselves, Morgan Stanley received a $9 billion investment from Mitsubishi UFJ in the fall of 2008 that kept the firm from collapsing. The payment was supposed to be wired electronically, but because it needed to be made on an emergency basis on a holiday, Mitsubishi cut a physical check, perhaps the largest ever written.
Below is a copy of the $9,000,000,000.00 check.
Too ...
More social media conversations about: $, morgan stanley
- 226 comments on this story
Showing 56 relevant reactions out of 226.
Hahaha - proof that cheques aren't quite out the door just yet http://www.andrewrosssorkin.com/?p=355
A pretty big cheque: http://bit.ly/8GD7D0 #money
Biggest cheque you will ever see
http://is.gd/5cKyz
Biggest cheque you will ever see
http://www.andrewrosssorkin.com/?p=355
Láttál már 9 milliárd $os csekket? http://is.gd/5bVEO (A világ leglazább dolga ezt Magyar Postán elküldeni :)
[image] Morgan Stanley’s $9 Billion Check http://bit.ly/77lpW4 Mitsubishi cut a physical check for $9 Billion to keep $MS from failing.
El cheque de $9,000,000,000.00 que hizo Mitsubishi UFJ a Moran Stanley que evito que la firma quebrara... http://tiny.cc/sO9z8
Morgan Stanley’s $9,000,000,000.00 Check. Yes, That’s $9 Billion Check! http://ping.fm/uuVQI
Thought this was a joke until I saw it was from @AndrewSorkin: Ever seen a physical check for $9 billion? Here is one: http://bit.ly/6fp1f3
Ever seen a physical check for $9 billion? http://bit.ly/6fp1f3 Its one ofde source docs forde book by @andrewrsorkin TooBigToFail
ever seen a $9 billion check? http://bit.ly/77lpW4 from @andrewrsorkin.
is the biggest cheque ever written..http://www.andrewrosssorkin.com/?p=355
The largest check ever written: $9 billion from Bank of Tokyo Mitsubishi UFJ to Morgan Stanley (to save its ass) http://bit.ly/8K1nZs
Kuvassa yhdeksän miljardin dollarin shekki: http://bit.ly/6fp1f3
Imma gonna stop complaining about writing them checks for my property taxes. The largest check ever written: http://is.gd/528wx #f
http://www.andrewrosssorkin.com/?p=355 petty cash
What does a $9 billion check look like? That's $9,000,000,000.00. What would you do if this #check was written to you? http://ping.fm/wJWrn
The only contender may be the one written by the Kuwaitis to help pay for Gulf War I. At one time it was on display in the Navy Supply Corps Museum in Athens, GA and totaled in the billions. Combat conditions in both cases!
A $9,000,000,000.00 Cheque - Wish it was made out to me ! http://bit.ly/5Vlsoh
Este safou o Morgan Stanley na altura: http://www.andrewrosssorkin.com/?p=355
Whatever you think about the rationale behind this check (I don't buy the story about electronic systems being down on a holiday either), I encourage you to read Rolling Stone's irreverent take[1] on Goldman Sach's role in this whole saga, as a valuable counterpoint to the fawning "all-nighter swinging dick" worship[2] as can be seen from the excerpt of this guy's book in Vanity Fair.1. http://www... See all content
I wouldn't mind finding this in my mailbox... http://ow.ly/EsOT
Wanna see a $9 Billion check? Yes, I said "Billion": http://is.gd/50NDo
Could this be the cheque with the largest amount ever written?
- http://bit.ly/6fp1f3
Morgan Stanley's $9 Billion USD check http://bit.ly/6PVACK - looks like a typewriter was used hehe
Here's one big check... http://www.andrewrosssorkin.com/?p=355
http://www.andrewrosssorkin.com/?p=355 I wonder if it took 3 days to hit their current account??
Wow.
"As detailed in Too Big to Fail: How Wall Street and Washington Fought to Save the Financial System — and Themselves, Morgan Stanley received a $9 billion investment from Mitsubishi UFJ in the fall of 2008 that kept the firm from collapsing. The payment was supposed to be wired electronically, but because it needed to be made on an emergency basis on a holiday, Mitsubishi cut a physical check ... See all content
De: Banco de Tokio - Para: Morgan Stanley - Cantidad: $9.000.000.000 -- http://tinyurl.com/yccxryn
You write a $9bil check, you don't need pictures of puppies on it. http://ping.fm/saLYv
Interesting. I wonder why the Japanese bank was willing to risk that much on a bank that evidently made bad choices.
"Why was a Japanese bank willing to risk that much on a bank that made bad choices?"Imagine buying an Xbox for $30. (It was a bargain.)
They got 21% of the company.
Japs are pretty heavily controlled by the American elite. There is actually a fairly big underground movement in Japan to throw them off and stop stuff like this from happening. Japanese banks and politicians though have been paying tribute to America for a long time.
eferences needed
It's a tough thing to reference. But I've read from many Japanese authors about the kind of reverence that Japan holds for America even today. It's almost a religious kind of awe, and so when American powerbrokers visit Japan there is a kind of unsaid understanding that the Japanese aristocrats will make concessions and "pay tribute". After WW2 all the current Mitsubishi Group banks very much became ... See all content
Go for it - you'll be doing America a favor as well.However, you may need a China plan. Or not.
I'm not Japanese, I just read about them.And yeah it's definitely not doing American any favors, anymore.
> "The payment was supposed to be wired electronically, but because it needed to be made on an emergency basis on a holiday, Mitsubishi cut a physical check"So, on a holiday, the electronic systems were "closed", but the paper check could be deposited normally? Irony abounds.
The check wasn't meant to be deposited through traditional means. Checks like that give creditors some tangible evidence that the company will not collapse because of the imminent cash infusion.
But...Paper checks don't actually move money around, computers changing numbers in electronic ledgers do. A paper check is just a device to trigger that process.
I'm not sure this story makes any sense to me.
What matters is that they had proof of funds, which they needed to avoid bankruptcy.
The distinction is most probably legal. The transaction couldn't "close" until payment was received - and the paper check could be "received" but a wire transfer couldn't until the next day.Likewise, they could put the funds on their balance sheet at the moment the check changed hands, in time for the markets to open the following business day.
Here is to hoping it might have been as simple as the person who would authorize electronic transfers was on holiday.
Alternate Link:http://www.businessinsider.com/the-9-billion-check-to-rescue...
Nine. Billion. Dollars. http://bit.ly/6PVACK
Want to see what a $9 billion check looks like? http://j.mp/6fp1f3
this is what an actual check for $9 billion looks like: http://www.andrewrosssorkin.com/?p=355
What does a $9 billion check look like? http://www.andrewrosssorkin.com/?p=355
At the bank a plucky teller sarcastically snorted at my buddy Stanley, "Is this too big to bounce?!" http://www.andrewrosssorkin.com/?p=355
I dunno, looks pretty easy to make. Anyone have a typewriter? I'll split it with you. http://www.andrewrosssorkin.com/?p=355
Wow - a check made out for $9 Billion. Do ya think the bank teller called to verify this was legit? http://bit.ly/6fp1f3
@elliottjustin http://bit.ly/6fp1f3 Would've been more awesome if they'd printed one single 9 billion dollar bill.
Ever seen a physical check for $9 billion? Here is one: http://bit.ly/6fp1f3 It's one of the source docs for TBTF
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