Anatomy of a deal gone wrong

09/26/2008 | Wall Street Journal (free content), The

Morgan Stanley's John Mack hoped China's $200 billion sovereign wealth fund would be its savior, but the Chinese couldn't move fast enough. "At a time when Morgan Stanley and other institutions may not have the luxury of waiting another day to escape spooked investors, waiting around for approvals from Beijing is a deal breaker," writes Wall Street Journal reporter Rick Carew.

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Wall Street Journal (free content), The

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