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"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Wednesday, August 4, 2010

March 2010 Philadelphia Inquirer .. discussing the “furor” over the involvement of the Chinese government in Morgan Stanley’s casino project Atlantic City

"Morgan Stanley is the financial adviser to Grupo Mexico, and Skadden Arps Slate Meagher & Flom LLP is the company's legal counsel."

http://www.bloomberg.com/news/2010-07-23/grupo-mexico-proposes-combining-asarco-southern-copper-mining-operations.html

"Reveling in Your Money

Posted: Tue, 30 Mar 2010 17:27:13 +0000

As we wait to see if Governor Christie will sign the bill that takes away the voter's right of referendum on a proposed $300 million tax break for Morgan Stanley's casino, two excellent new articles came out about the issue.

Paul Mulshine, an editorial writer with the Star Ledger, penned a piece entitled "Atlantic City's Revel casino: Wall Street's Reveling in your money."  In the piece, Mulshine wrote:

The prime backer of the half-finished Revel casino, Morgan Stanley, has put together a financing deal that relies on funding from the Chinese government. Yes, you read that right. The geniuses in Trenton are preparing to give a giant grant to a consortium of commies and Wall Streeters.

But as Doherty points out, both the Chinese and Morgan Stanley have plenty of money at the moment. Morgan Stanley got $10 billion in bailout funds, he said, so there's no reason they can't finish the project on their own.

Meanwhile, the Philadelphia Inquirer has a new article discussing the "furor" over the involvement of the Chinese government in Morgan Stanley's casino project."


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