ALSO NOTED: Morgan Stanley to sell MSCI shares; WaMu spurned JP Morgan in favor of TPG; and much more...

Company News:
> Franklin Resources suffers withdrawals. Article
> Morgan Stanley to sell MSCI shares. Article
> Carlyle raises $1.4 billion for distressed securities fund. Article
> Merrill Lynch to focus on costs. Article
> JP Morgan Chase says it bought more Bear Stearns shares. Article
> Bank of America launches debit card for teachers. Article
> WaMu spurned JP Morgan in favor of TPG. Article

Industry News:
> Bill Miller criticizes Microsoft's gambit. Article
> Fitch downgrades more mortgage bonds. Article 

Regulatory News:
> Greenspan lashes out again. Article

And Finally... High school seniors get F in finance. Article