Morgan Stanley Defaulted on a Tokyo Commercial office building yesterday (April 15th) they gave the keys back!
It is the biggest default ever in Japan's History - it is worth 3.3 Billion. Morgan Stanley left their investors high and dry with this default! Will this information come to light in the U.S. MSM?
Portions from Article:
TOKYO (Reuters) – A Morgan Stanley property fund failed to make $3.3 billion in debt payments by a deadline on Friday, handing over the keys to a central Tokyo office building to Blackstone (BX.N) and other in
The $4.2 billion MSREF V real estate fund missed its April 15 deadline to repay 278 billion yen($3.3 billion) vestors, the largest repayment failure of its kind in Japan.
Now comes the question on WHY Morgan Stanley did this?
Commonsense says they know something we do not or they can read the writing on the wall. Tokyo is getting a major amount of radiation from the Fukushima melt down. They have decided to walk away from their investments there.
I have read this morning (16th) that planes have been chartered with the elite getting out of Japan in a more hurried fashion than before.
Here is an article on how many of the banks have left Tokyo along with other major corporations and evacuated their top personnel. It is being denied by those corporations, but with the latest news of Morgan Stanley walking away from an office building, I would wager a bet it is true.
From Article:
Foreign firms are evacuating staff from Japan, after fears of radiation leaks at the Fukushima Daiichi plant escalated further.
German car maker BMW and car part maker Continental are among companies moving employees out of the country.
Others, including software group SAP, are moving staff to southern cities within Japan.
Workers have suspended operations at the nuclear plant after a rise in radiation levels.
Radiation levels in Tokyo were higher than normal, officials said, but not at levels dangerous to humans.
The expatriate staff of international banks, including Morgan Stanley, BNP Paribas and Standard Chartered, have reportedly left the capital city.
Update -I have found information on the building they have walked away from.
http://skyscraperpage.com/cities/?buildingID=27919
Shinagawa Grand Central Tower
品川グランドセントラルタワー
| 2-16-3/4, 2 Konan, Minato-ku Tokyo Japan |
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Edit to add - It is Tuesday morning- April 19th, I have not heard one word from MSM on T.V. or online. You would think such huge news and information would be mentioned by a financial analyst or expert on CNBC etc. This is a major default by a major U.S. bank/investment firm, where is MSM on this...... Silent!
Edit - Wednesday Morning April 20th - STILL SILENCE - NOT ONE MSM media has mentioned this Fact! Not even Drudge, The Raw Story, nor Huffington Post or any other alternative news outlet has put this information on their sites! (But they are pushing the more
Edit Friday April 22nd.- One week has gone by since Morgan Stanley defaulted on 3.3 billion in Japan and not one mention of it in the financial media online or on T.V.. But what is very interesting is none of the big alternative sites as Drudge etc.... have said a word about it either! To me that shows they too are controlled by others, otherwise why haven't they brought this news up to the public? This is big news that there is only silence on! That silence speaks volumes, IMHO!
UPDATE - 4/21/11 - Another 2.2 Billion Loss for Morgan Stanley in Japan! - click to see article
