All it lacks is Bloody Blair to weigh in, but his £3m a year wedge comes from the wrong Morgan; he's signed-up with JP Morgan, whilst it's Morgan Stanley that needs to persuade the government to abandon issues of national security and flog our secret defence know-how to EADS, a company so well-infiltrated by China it may as well have its HQ in Guangdong.
Morgan Stanley's not doing too bad with its existing lobbying team, though; it's already signed-up the egregious John Scarlett, who failed his country so dramatically over Iraq, and Jeremy Heywood, who served as Managing Director of Morgan Stanley's UK Investment Banking Division in between top mandarin jobs. Currently hugely influential as Cabinet Secretary, the man described by Peter Oborne as "a perfect manifestation of everything that has gone so very wrong with the British civil service over the past 15 years" is set to see his old firm earn hundreds of millions if the merger comes off. Heywood hasn't ruled out a return to Morgan Stanley if he feels like another change. Morgan Stanley are also trying hard to recruit Nicolas Sarkozy to add even more weight to the arm-twisting asset robbery.
This whole deals stinks like rotten Mackerel, and the involvement of personalities and firms with a track record of venality, greed and self-interest and no track record whatsoever of putting country before bonus convinces me this is a deal that can only harm the UK.