ALSO NOTED: Morgan Stanley buys stake in seventh hedge fund; KBW cuts rating on State Street; and much more...

Company News:
> Morgan Stanley buys stake in seventh hedge fund. Article
> RBC cuts Wells Fargo estimates. Article
> KBW cuts rating on State Street. Article
> Wachovia may halt some loans to California. Article 
> Bear Stearns' director's firm sells stake. Article
> Wells Fargo launches service for high net worth customers. Article 

Industry News:
> Short squeeze in CDS market? Article

Regulatory News:
> Bear Stearns a hot topic in Congress. Article
> Blame for crisis spread to Alan Greenspan. Video
> Congress agrees on housing deal. Article

And Finally... Are you being bullied at work? Article