Wednesday, June 9, 2010

Morgan Stanley on Entitlements

ZeroHedge reported Morgan Stanley researchers are deeply concerned about America's entitlement spending. They included an appendix on the issue in a report on internet trends.

Morgan has someone in position to do something about the problem. Board member Erskine Bowles co-chairs Obama's Deficit Commission.

Given JP Morgan's ties to many commission members, I wonder what their researchers think?