Woops! Morgan Stanley Gets a Nastygram

Maybe they're 'too big to fail.'

Maybe not.

(Reuters) - Morgan Stanley said a group of investors believes the bank may have sold defective mortgage bonds contained in more than $6 billion of trusts, signaling that it may face litigation over its involvement

...Gibbs & Bruns is the same law firm that spearheaded a proposed $8.5 billion nationwide investor settlement with Bank of America Corp over losses tied to mortgages by the former Countrywide Financial Corp.

The fun's just beginning!!