Interesting article in today's Financial Post headed "The bankers and their toxic muse." It describes a case brought against Morgan Stanley by a Taiwanese bank in New York State Supreme Court. M.S. sold the Taiwan bank interests in a $500 million CDO named "Stack 2006-1" backed by subprime mortgages. At the same time M.S. was shorting the subprime mortgage market through its own hedge fund. The suit has resulted in the public release of "hundreds of pages of internal Morgan Stanley documents" which "shed much new light on what bankers knew at the height of the housing bubble and what they did with that secret knowledge." It appears that the main stream media might be forced into dealing with this matter in greater detail than we have witnessed in the past. We can only hope.