Relevant:
- Wall Street Aristocracy Got $1.2 Trillion in Loans from Fed
- Fed loaned hundreds of billions to foreign banks and companies
- Corporate criminals beware: Morgan Stanley wants to make you pay
- Bank of America (NYSE: BAC), Morgan Stanley (NYSE: MS) Institute Multi-Billion Dollar Compensation Increases
- Morgan Stanley may face $5.7 billion Q4 writeoff
2011-08-23 — bloomberg.com
As markets convulsed in September 2008, Morgan Stanley (MS) Treasurer David Wong briefed the Federal Reserve on a "dark" scenario in which the U.S. firm would need at least $10 billion of emergency loans from the central bank.
It got 10 times darker by month's end. Morgan Stanley borrowed $107.3 billion, the most of any bank, according to data compiled by Bloomberg News using information released in response to Freedom of Information Act requests, related court orders and an act of Congress
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