2009-12-17blogspot.com

`` Bloomberg reported just this morning that Morgan Stanley will "relinquish" five San Francisco office buildings after having purchased them more than two years ago near the top of the market. It's probably no coincidence that the phrase "walking away" is noticeably absent from their account when, in fact, that is exactly what the investment bank is doing. Maybe the rules are different for big banks than for homeowners.''



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