Intellectually Promiscuous

Hey there I-Bankers … here’s where (some of) your paychecks are coming from.

robotindisguise:

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.

Above is a copy of the $9,000,000,000.00 check.

Notes:

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    This book was really pretty amazing. There’s this check, for one thing, which Mitsubishi bank flew to NYC to give to...

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    evangotlib:6h057:robotindisguise:

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    Hey there I-Bankers … here’s where (some of) your paychecks are coming from.

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