Question

analyze historical and current policy of the Morgan Stanley (Bank) in reference to the Great Recession.

Answer 1

There's a lot but there's 2 key things I can easily remembered
- Get money from Mitsubishi UFJ Financial Group by selling shares of the company
- Convert to a bank holding company meaning it need to fulfill more regulations

According to John Mach, the Chairman and CEO of MS at 2008, it's very close that the company has to be sold to J.P. Morgan at $1. Yes 1 US dollar.

Although the U.S. Federal Reserve and fellow central banks have been active in loosening monetary policy, most governments have been slow in responding and are only now crafting fiscal packages that may still fail to pacify worried investors.

“While the policy response will provide downside protection, the underlying damage from both Covid-19’s impact and tighter financial conditions will deliver a material shock to the global economy,” Morgan Stanley’s economists said.

The outlook could darken even further if the virus lasts longer than anticipated, or wields greater economic pain -- given factories, schools, restaurants and shops are closing around the world. A freezing up of markets or a continued sluggishness by governments to act are also regarded as threats.