From: Sherrie Questioning All
Saturday, April 16, 2011
Morgan Stanley Defaulted on a Loan and Walked away from Offices in Tokyo!! Gave the keys back! Biggest Default in Japan's History 3.3 Billion!
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.
The refinanced debt was sold in six different tranches by Morgan Stanley to investors.
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...