Witness the Godzilla of checks!
Too Big to Fail: The $9 Billion Japanese Check to Morgan Stanley
For those of us who don’t get $9 billion checks, like, all the time (yawn), here is a copy of the very check written by Mitsubishi UFJ to Morgan Stanley in fall ‘08 to keep the firm from collapsing.
Per Aaron Ross Sorkin, author of Too Big to Fail: The Inside Story Of How Washington And Wall Street Fought To Save The Financial System—And Themselves, “The payment was supposed to be wired electronically, but because it needed to be made on an emergency basis on a holiday, Mitsubishi cut a physical check, perhaps the largest ever written.”
Gosh, I would be excited by a $900 check right about now. Or a $9 one.
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I wonder how long it’s going to take that check to clear? My bank clears about $500 a day…
No kidding, Steve! I’ve had to wait 5 days for a $300 payment from a bank in Philadelphia to go through!
In response to another comment. See in context »Yea- and if that’s just an out of state check, what about one from another country? Can only imagine the head scratching as they convert the yen to $$.
In response to another comment. See in context »[...] This post was mentioned on Twitter by Danny, Tweets Tube. Tweets Tube said: Witness the Godzilla of checks! http://bit.ly/08ojwFU [...]