"As for Morgan Stanley, the deal they had been discussing with the Chinese did not work out. But in mid-October, Mitsubishi UFJ, Japan’s largest financial group, announced it would invest $9 billion. Before signing the papers, the financial group asked for and received assurances from Secretary Paulson that the U.S. government would not subsequently expropriate the Japanese stake in Morgan Stanley. With that investment
in Morgan, and Buffett’s in Goldman, the two newly minted bank holding companies would be much less of a concern for us (and for the markets)."
--------------------ben bernanke