‘We Are Running Under the Radar’: Morgan Stanley in $3.2 Billion Mortgage-Bond Pact

Bloomberg, Feb. 11, 2016–Smythe, Christie
Morgan Stanley agreed to pay $3.2 billion to end a joint federal-state investigation into its handling of mortgage-backed securities, the fourth deal to be struck in a probe of the big U.S. banks’ role in the subprime mortgage meltdown and the financial crisis it spawned.