Wall Street giant Morgan Stanley sounded the alarm yesterday.



The prospect of Jeremy Corbyn becoming prime minister is a more serious threat to British business than Brexit, the investment bank Morgan Stanley has warned.

...The nationalisation of key industries, higher taxes and a shift in spending priorities towards low-income households under Corbyn’s leadership could damage valuations of UK companies, the US bank warned.

Be Afraid Of Socialism! We've heard this tune before, but rarely do we hear a reply like this.



“Labour is a growing movement of well over half a million members and a government-in-waiting that will work for the many. So when they say we’re a threat, they’re right. We’re a threat to a damaging and failed system that’s rigged for the few.”

Boom! This is what happens when your politician isn't owned by Wall Street.



The Labour leader hit back on Thursday, accusing Morgan Stanley of being part of the same “speculators and gamblers who crashed our economy in 2008”. In a video posted on social media, he also promised a new approach to financial services regulation.

“Nurses, teachers, shopworkers, builders, just about everyone is finding it harder to get by, while Morgan Stanley’s CEO paid himself £21.5m last year and UK banks paid out £15bn in bonuses,” Corbyn said.

He highlighted Morgan Stanley’s $3.2bn settlement with US authorities for its role in the creation of flawed mortgage-backed bonds during the global financial crisis, and the bank’s four meetings with senior government figures including Philip Hammond, the chancellor, last year.

The mic just got dropped.

via GIPHY

Speaking of Philip Hammond and his buddies at Morgan Stanley, last month it was Hammond that put one over the fat part of home plate so Corbyn could knock it out of the park.



Philip Hammond says that Labour poses an 'existential challenge to our economic model' - Yes, we do. I am not going to sit back when their economic model is seeing: homelessness double

four million children in poverty

over a million older people not getting the care they need Their economic model is broken. It doesn’t work for most people. Even the International Monetary Fund thinks inequality and low taxes for the richest are harming the economy.

That's twice now Corbyn has told them "Yes, you've got it right. I'm coming for you. Was I not clear about it before?" And Labour keeps pulling further and further ahead.

Maybe the neoliberals are hard of hearing.

Jeremy Corbyn couldn't have picked better enemies.