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I am your host, Michael Covel, not filtered, raw, honest.

That's my passion.

Morgan Stanley, one of the two investment banks, the other being Goldman Sachs that was saved

in the fall of 2008 by the Fed and the other powers that be.

Morgan Stanley and Goldman Sachs were going the way of Bear Stearns and Lehman Brothers.

Everyone knows it. And then the magic hands stepped in and saved those two particular investment banks. That's a really

shitty, non-capitalistic system. We can all agree. Because if you or I put our capital at play and we do bad,

we mess up, we lose, we're not getting a fucking bailout. So let me give you an example of what

happens when you give a bailout to a shitty investment bank 14 years later.

Just one example.

Carvana, the used car bullshit company that is now imploded.

Morgan Stanley via an analyst named Adam Jonas recommended on February 26th, 2021, that Carvana had a

price target of $420, currently trading at February 26th, 2021 at 283.

So at that point in time, one of Morgan Stanley's magical analyst predicted that the $283

carvana would go to $420.

Roll forward 13 months, March of 2022. That target dropped to 360. Well, the price had

already dropped too, because in March of 2022, March 3rd in particular, Carvano was trading at

$123. That was a drop in 13 months from $283.

But Morgan Stanley still had a target on Carvana of $360.

Now here we go.

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