and that is morgan stanley. the lead underwriter on the ipo. why morgan stanley?t because facebook is a needle mover. it's really not when you do the economics. based on an estimated 1% fee -- and they're going to cut the fee for this very important deal for them to get. the lead investment banks would share 50 million based on the stated $5 billion offering size or as much as $100 million if the facebook ipo get up to 10 billion. and that money will be split with the other underwriters, jpmorgan and goldman sachs. look, it's a nice piece of business. at the end of the day this deal by itself, it is almost a rounding error to their bottom line. however, the facebook ipo is a terrific illustration of what morgan stanley's doing right. and when you add the fees from this deal to all the other big ipo wins the company's had of late and the ones they'll probably get because of facebook, well then pretty soon you're talking about real money. morgan stanley was the underwriter on a bunch of big social need yeah deals. linkedin, zynga. 20% of ipos on u.s. exchanges and m

in december morgan stanley put another thing past.me up with a settlement with mbia the mortgage insurer ultimately writing down the entire $1.8 billion the val xwroou vt investment. they've taken writedowns on their legacy real estate assets. they've been incredible at cleaning things up. and as a result the book value here's been cleaned up too. book value, remember, is the best way to value a bank. essentially the company's net asset value the accounting value of the firm if you were just to liquidate everything tomorrow. before the writedowns it was possible you could say morgan stanley's real book value wasn't real. because the actual numbers were -- let's just say there were a lot of charges. but now i actually think that the book value's real. and right now morgan stanley's trading at a 35 discount to its tangible book value even though goldman sachs is almost back toyotas book value. that makes morgan stanley cheaper than the other banks, other brokers, even after this recent run. of course we heard this argument all last year

that seemed pretty easy to do since he was so well acclimated in that prison. >> morgan! >> but adherence to the convict code would soon cost morgan his place in general population and the transfer he'd been waiting for. after a fight in his dorm, surveillance video caught morgan trying to clean up the blood. >> you could be a firsthand witness to an actual crime, but if you live by the convict code, you see nothing, you hear nothing, and you say nothing, and that was the case unfortunately with peaches. he was witness to a crime. but he wouldn't cop to it. >> morgan was moved to the segregation unit pending an investigation into his role in the fight. but he denied any involvement, even when confronted by deputy warden jodi brown. >> hey. >> they said i was involved, jodi, and i wasn't involved. >> okay. but you know what i told you we caught it all on videotape. >> but i wasn't in the fight or involved in the fight or nothing. >> so you stood there, you watched them clean up the blood -- >> no, i did not stand there and watch them clean up the blood. >> well, the videot

morgan c.e.o. jamie dimon finds yet another way to cash in on attention as a drama queen or king i guess soundings gets a friend of on regulation wall lashing out at us the us media will tell you what we think let's get to the day's capital account. the u.s. commodity futures trading commission is having roundtable talks a woman today they'll go on tomorrow to talk about how to protect customer money in the aftermath of the m.f. global collapse you know remember the eighth largest bankruptcy in the u.s. where they are still looking for a reported one point six billion dollars in missing customer money the firm run by former goldman sachs c.e.o. senator also new jersey governor john corazon well james good to less is our guest he's a lawyer representing eight thousand and the global customers in the bankruptcy proceedings pro bono mind you so he tells me and he has told me that any new u.s. regulations won't be very effective as long as firms can just skirt them skirt u.s. regulators by going throug

so i mean, i don't want to pooh-pooh the morgan stanley issue, i think your issue with morgan stanleyhen does it pay off? you know, morgan stanley has not delivered on their retail promise of getting their 20% pretext margin. so the argument on a morgan stanley is when will the market begin to believe their strategy? and their strategy is going to be believable when you actually start seeing the retail numbers improve. now, they are doing everything right now to try to get them moving but let's face it, morgan stanley's running at a 9% pretax margin in their retail business while bank of america, hard lit paragon of good management is running about a 16% pretax margin. >> hey, brad, it's tim. play maybe "fast money" trader for us, stock jen had fourth quarters out, the spanish regulators lifted the ban on shorting spanish banks. despite the run and your comments is this stale good trade to maintain a long exposure to the u.s. and be short the european banks because of all the uncertainty ahead? >> you know exit's interesting, you asked was there anything in the moody's call that was w

morgan was the primary banker to m.f. global and j.p. morgan was also the trustee on the bond issue that f. global had back in august my strong opinion is that. no one is willing to say that the money was actually taken or stolen because that means that all of these folks have to acting particular the trustee and they're going to be suing firms like j.p. morgan and peter have you seen like they've done in similar circumstances such as refco or any other bankruptcy new century some of the other bankruptcies that had very strong pointers to these third parties like the banks the investment banks the law firms in the accounting firms who allowed criminal activity to take place the need to look the other way or potentially help them along the way and reports suggest that j.p. morgan in the bankruptcy was junior to the customers in terms of claims but somehow that manipulated the regulations to become senior to the customers and in fact stole money from customers describe what events took place is not a fair characterization there's a lot a l

morgan and p.w. c. like they've done in similar circumstances such as raf co or any other bankruptcy of new century some of the other bankruptcies that had very strong. pointers to these third parties like the banks the investment banks the law firms in the accounting firms who allowed criminal activity to take place and either look the other way or potentially help them along the way and reports suggest that j.p. morgan in the bankruptcy was junior to the customers in terms of claims but somehow that manipulated the regulations to become senior to the customers and in fact stole money from customers describe what events took place is not a fair characterization there is a lot a lot of concern about how the bankruptcy was actually structured that it was a forced bankruptcy by suppose securities investor protection or core corp that put . the wrong people as a priority and that it would have been done as a chapter seven then they would have had the customers put first my personal belief is that this is r

morgan stanley gets to do all the bragging. by winning the coveted role of lead underwriter, the bank gets a big chunk of the fees. but morgan stanley is also well positioned for future facebook offerings or acquisitions and, experts say, it's pretty clear why the bank got the prized trophy. >> morgan stanley has done several recent internet i.p.o.s, therefore, they had a leg up versus their rivals. >> reporter: j.p. morgan, goldman sachs, bank of america, barclays capital, and allen & company will also get in on the action, and there could be others added to the roster. but wealth manager jeff sica says not being top dog is a big black eye for those firms, especially goldman. >> the lead is the position you want. the other companies will get fees, they'll add that to revenue, but the prestige of having that is what you strive for. >> reporter: exactly what those fees will total are yet unknown, but it's widely rumored they'll only be about 1% of the gross proceeds. that's far less than other recent internet i.p.o.s, like zynga

morgans of the world in charge who does he think is running it now j.p. morgan it's goldman sachs it's wells fargo it's it's all the big banks i mean that and they are they are the ones who ran to the big banks set up the fed when they had a meeting in jekyll island georgia. senator nelson aldrich who was the son of john d. rockefeller and j.p. morgan himself and all the other big bankers they wrote the federal reserve act they promoted the federal reserve act the federal reserve exist to benefit the big bankers so they so dr baker is is is not just i mean it's a very it's a very silly point this is who runs it and who and so it's the fed is run for the benefit of the big banks of the government big government contractors like the military industrial complex and so forth and whether we saw you know what's going on in two thousand and eight when they as you mentioned what they did with the with the special bonds the number of the small prime dealers they have that they deal with the fifteen trillion dollars worth of bailouts they directed to european banks

piers morgan is standing by. piers morgan is standing by. i thought it was interesting when you spoke with simon cowell and i got to jump in and he mentioned the same thing that we should be honoring whitney houston. go ahead. >> i think there is a fine line when these tragic events happen. when you have somebody who had such a well-documented history of problems and terrible issues to do with substance abuse and brutal marriage and so on, there is a temptation to dwello that. this is the night that a remarkable talent has been taken from us and it is important to focus on that talent and her as a human being and the impact she had on the world. we know what's going to happen in the next few days and weeks. every tiny part of her life will be raked over and cnn like everybody else will report on that as it's appropriate. when you hear whitney houston singing in these clips, it's hard for me to think of anyone in my lifetime, i'm 46 years old, who had a better voice than whitney houston and that voice is gone. she is fread years old and despe

morgan allen was beaten and abused. as an adult, he struggled to overcome feelings of abandonment and isolation. inga was locked in a dog kennel, and for many years, he told no one about the horrors of his childhood. the state wanted to protect children from harm but provided little in the way of official oversight. between 1950 and 1980, about 100,000 children were placed in orphanages and foster care. no one knows exactly how many were abused. estimates run to the thousands, but it is likely many additional cases went unreported. in 2005, a television documentary finally brought the abuse to light. in 2006, a commission was established to investigate this history of abuse and neglect in orphanages and foster homes. for five years, it that the testimony from former foster children, more than 900 in all. >> they described horrific of use. physical abuse. some of it bordering on what i would call torture and sexual abuse. over 60% of the women told us of sexual abuse and so did 40% of the men. >> the case file is 240 pag

he trained mohamed ali and sugar ray leonard. >>> yell morgan is the -- nigel morgan laced up the skates with a skate with the sharks. he was born in san francisco and left to play junior hockey in canada. he is obviously talented. morgan has this alter ego known as tony plush. here is mr. plush scoring on the shootout today. he has no plans to quit his day job. but morgan did have some fun back out on the ice. >> obviously to be out there to skate with my childhood team and to be out there with the boys is an unbelievable feeling. >> he did a good job and scored on one of the breakaways. he has some skill out there. >> tony plush coming at you. that's your toy yow paw sports report. your toyota sports report. >> to do that after not having skated in awhile. if you look closely, the goalie kind of just let go. let him score on the play. >> that was fun. >> that's some name. >> "nightline" is next. i'm dan ashley. >> and i'm carolyn johnson. keep track of the latest breaking news on abc news bay area. >> we will be back tomorrow. thank you so much for watching. we appreciate your time. >>

morgan of the e.c.b. can absorb many many trillions of those junk without breaking a sweat and remember folks it's all legal what germany is doing it's all loophole so the next headline also from amber was ever in prichard from the telegraph says the perils of mario dragons one point five trillion euro blitz a disturbingly laura number of credit experts warn that the e.c.b. lifeline is not the game changer that the markets seem to think cannot in itself save the euro land and may prove counterproductive perhaps soon suddenly all these credit experts are thinking hey. all of this lending to the banks these trillions and trillions and trillions of dollars and euros and fake currencies around the world all of it actually may blow up because i'll bear to gallo from r.b.s. says drag us for him to an eighty nine billion euro loans to banks at one percent for three years the l t r o is having all kinds of toxic effects which is disturb and giving that the financial times splashed a headline that the banks may dr

morgan. and still hovers over the federal reserve and that's an exact example of why there was a fed because j.p. morgan wanted a fed ok interesting point as you say that that public private partnership is a cartel for the schizm right that's fascism that's the for that's the definition of fascism or government of big business get together to stick it to the rest of us and so no i don't think fascism in money or in any other aspect of society is a good thing you know let me ask you this then because i really want to get to this nuclear story because u.s. regulators are prius nuclear plants for the first time since three mile island my question to you i know you're going to say you know government you don't trust but how can we trust big business which is driven by corporations and profits with something like expanding nuclear energy which has such high risk for everybody if it goes wrong but if we if we have if we have business that's unfettered and that is responsible to the customers a busi

morgan morgan stanley the list goes on they could all see their credit ratings cut moody's has said it could cut seventeen global firms due to funding issues of regulatory burdens and a more difficult operating environment not to mention one hundred fourteen european financial institutions speaking more down the street with traders is reportedly a greek default is on everyone's mind in part because of the bigger fear surrounding credit default swaps so what is this risk really and wal-mart mcdonald's starbucks how do you feel about paying your employees so little that most of them are poor henry blodget c.e.o. and editor of business insider is asking this question in a post today so is this what's wrong with capitalism in america the reason for the shrinking middle class the so-called economic recovery that has been pretty abysmal and is the whole rich job creator thing fact fiction are held up by fraud and the wrong type of regulations we're going to ask mr blodgett himself and speaking of fraud have too big to fail banks become a little too much like this. what do you do i mean const

morgan state at home tonight hosting howard....1st half... tosses alley-oop...buu it wasn't enough as morgan stateeloses it's th straight...54-46 at home against howard... cross townn..coopin state can claim theemeac conference player oo the gallo averaged 22 oints, 4 rebounds and 3 assists in victories last eek ovvr norfolk state and morgan state...that incluides a career high 28 gainst morgan.,..it's the third time gallo hhs been named meac player of the week. it's now timeeto announce he candidaaes in our high school brought to you by varsity sports networkkdot com...you can vote for the gameeyou'd like to seeehighlights of by going to fox-baltimore dot com and clickiig on high school game offthe week... here's this week's slate of gaaee... games... for friday february 10th...milford mill hosts catonsville in girls baskktball...digitaa harboo at poly also in girls hoops... patterson welcomes edmondson saint joe vistis john carroll - announce the winner on that'll do it for this edition bruceecunningham....oodnight. goodnight.

then trooper van morgan pulls over to the side of the road. he actually waits here for several minutes. while he is parked here, the dispatcher tells him that there's an accident on the road he is on, so he turns the car around and the car is on fire. >> oh, wow. >> vehicle is on fire. it's at she'll road and andersonville. oh, goodness gracious. no. oh, gosh. >> he then gets out of his car and you can hear him kind of rustling around in the back seat. what he is getting is a fewer extinguisher. he goes near the car, and it looks like he is trying to put the fire out, but the fire is just -- >> got to get in here. >> according to the lawsuit, that's exactly what kyle's parents are saying. this ultimately resulted in the death of 20-year-old kyle anito. >> i don't think it's this guy's fault. the kid could have been dead upon impact. you know, you can't hang this death on this guy. >> no, i don't think it's the trooper's fault, but do i think the trooper should have stopped and immediately rendered aid? you don't know that he was dead on impact

but morgan did

>> the other interesting thing about morgan stanley and facebook, morgan stanley, don't forget they boughtill buy all of citi smith barney retail. if you're a morgan stanley broker you want to drive business, call up this customer that you don't have yet and say, hey, we're the facebook lead manager. you know what? if you want an account with me, i can get you shares on the deal. could drive the brokerage business. i think if facebook does well it could bring more retail into the market in conjunction with market performance so far. >> steve, just on that, you know, it's sort of a difficult position for morgan stanley. 800 million users at facebook. that's tricky to keep everyone happy. >> no doubt. >> i'm not sure how they're going to distribute the stock. i'm sure they'll try something creative. they could be in a tough position. >> i agree. i've allocated hundreds of deals during my career on the sell side. nobody's ever happy. the only people that are happy are the ones that don't buy a deal that fwogoes down. >> you've got 800 million people unhappy. >> that's a lot. where you're unha

piers morgan is standing by. thought it was interesting when you spoke with simon cowell and i got to jump in and he mentioned the same thing that we should be honoring whitney houston. go ahead. >> i think there is a fine line when these tragic events happen. when you have somebody who had such a well-documented history of problems and terrible issues to do with substance abuse and brutal marriage and so on, there is a temptation to dwello that. this is the night that a remarkable talent has been taken from us and it is important to focus on that talent and her as a human being and the impact she had on the world. we know what's going to happen in the next few days and weeks. every tiny part of her life will be raked over and cnn like everybody else will report on that as it's appropriate. when you hear whitney houston singing in these clips, it's hard for me to think of anyone in my lifetime, i'm 46 years old, who had a better voice than whitney houston and that voice is gone. she is fread years old and despera