if the euro collapses?, page-37

Dopey

I love the graph.

I think that in September-October 2008 the Fed would have repoed a bus ticket if you had offered it to them!

I think that Bloomberg asked for the wrong information.

The graph would be far more interesting if the lending had been plotted against Morgan Stanley's balance sheet size and regulatory capital levels. That would tell us interesting things about their solvency during that period.