. October 28, 2008 SouthAmerica: Here is an exemple of a bank well managed, less than a month ago they bought a piece of a dinosaur, (Mitsubishi UFJ Financial bought and overpaid for what Morgan Stanley used to be, and not for what Morgan Stanley has become during the latest financial crisis) and now just a month latter Mitsubishi UFJ Financial is in trouble and they need to raise new cash to replenish their latest mistake. The Japanese think that they bought a piece of an investment bank that operates in a high leverage environment, when in reality they just bought a bank holding company that is regulated and have to follow United States banking laws. Goodbye high leverage world... Mitsubishi UFJ Financial bought only 21 percent of Morgan Stanley (of a company in deep trouble) for $ 9 billion dollars, and since they bought this asset in US dollars the yen has appreciated versus the US dollar making their deal look even worse. That shows that the world is full of suckers, even the companies that one expects that they should know better than that. Anyway, the Japanese have not learned their lesson, and they still overpaying for old Rockefeller Centers and Americans love to take them for a ride every time. ***** âAsian Stocks Decline for Fifth Day; Mitsubishi UFJ Leads Dropâ By Chen Shiyin and Patrick Rial Bloomberg News â October 28, 2008 Oct. 28 (Bloomberg) â Asian stocks fell for a fifth day after Mitsubishi UFJ Financial Group Inc. said it will sell new shares to replenish capital and Canon Inc. slashed its profit forecast as slowing global growth cuts sales. Mitsubishi UFJ, Japan's No. 1 publicly traded bank, plunged 15 percent after saying it plans to raise as much as 990 billion yen (US$10.7 billion). Source: http://www.bloomberg.com/apps/news?pid=20601087&sid=a9u2NEuhwRw4&refer=home ***** âFed give OK to Mitsubishi, Morgan Stanley dealâ Reuters - Monday October 6, 2008 WASHINGTON (Reuters) - The Federal Reserve on Monday gave its approval for Mitsubishi UFJ Financial Group, Inc. to acquire up to 24.9 percent of the voting shares of Morgan Stanley. Mitsubishi UFJ last week agreed to buy a 21 percent stake in Morgan Stanley for $9 billion, giving the U.S. firm a much-needed capital injection. The two firms have agreed to a "strategic alliance", details of which are still being hammered out. Source: Reuters .