Morgan Stanley and Wachovia

By Megan McArdle
Rumor is they're merging.  I haven't seen such a natural match since Lisa Marie wed Michael Jackson. 

The real question is, who's left for Goldman?  If Morgan Stanley goes, I don't see how Goldman can survive.  But they're kind of running out of commercial banks to woo.  Couldn't Wal-Mart use an investment banking arm?

This article available online at:

http://www.theatlantic.com/business/archive/2008/09/morgan-stanley-and-wachovia/4134/