The Morgan houses were actually less remote from the 1987 crash tha...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
The Morgan houses were actually less remote from the 1987 crash than they’d been from the one in 1929. All the banks and brokerage houses were now trading operations. And Morgan Stanley was a major practitioner of stock-index arbitrage—computer-driven trades that exploited small price discrepancies between stocks in New York and stock-index futures in Chicago.
chapter: 35. Bull