Aug
12
It looks like the wrath of God is about to descend on Morgan Stanley with reports that the investment bank is being sued by a group of Irish nuns, notably the Sisters of Charity of Jesus and Mary, the Holy Faith Sisters and the Irish Veterinary Benevolent Fund for failing to satisfy its contractual obligations related to €6 million ($7.9 million) of bonds they purchased, resulting in what became almost the complete wipeout of their investment.
If the Sisters of Charity website is anything to go by, it looks like Morgan Stanley is in for a tough time and it will be accused of doing the devil's work.
But then, one can also ask why nuns are investing in financial markets. Or is that God's work?
no comment untill now