The Sunshine Report

Veritas Financial Partners
Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Category Archive: Morgan Stanley

  1. Mark to Market Accounting Is Still Out Of Control And Is Spreading To Main Street

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    The account­ing pro­fes­sion still hasn’t got­ten mark to mar­ket account­ing right. The rules and their appli­ca­tion remain a seri­ous dan­ger to the econ­omy and gov­ern­ment inter­ven­tion is needed to save Main Street from being the next vic­tim of fair value account­ing. On April 9, 2009 the most recent changes to mark to mar­ket account­ing were […] [read full story]

    Posted in: CITIGROUP, Economic Statistics, economy, FAS 141R, FAS 157, FAS 159, FASB, Finance, Mark to market accounting, Morgan Stanley, Politics, Public Policy

  2. Brokers Becoming Banks? The Press Got It Wrong! – A Guest Blog by Winthrop Brown, Partner, Milbank Tweed

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    Mark Sun­shine here…Yesterday I received the below e-mail from Winthrop Brown, a friend of mine who is a very senior and dis­tin­guished bank­ing lawyer at Mil­bank Tweed.  He was con­cerned about mis­re­port­ing of the Gold­man Sachs and Mor­gan Stan­ley con­ver­sions to bank hold­ing com­pa­nies and e-mailed me a clar­i­fy­ing analy­sis. Appar­ently Win believes that it […] [read full story]

    Posted in: Bank Holding Company, BANKS, Finance, Goldman Sachs, Guest Blog, Milbank Tweed, Morgan Stanley, Winthrop Brown