Welcome back to our new Wednesday short, the Talk Money Weekly. Tune in each week to hear what’s going on in the financial world -- and more importantly, what it means for the bigger picture.
Today's episode -Morgan Stanley Saves Their Own Ass. This is a continuation of last week's episode on Bill Hwang and Archegos Capital, and how he lost $8 Billion in 10 days. As more news came out, it turned out the situation was even crazier than expected. Bill had no liquidity, even with billions of dollars of assets. On top of that, Morgan Stanley sold before everyone else did because it's every bank for themselves.
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