Reuters posting CDS prices for the investment banks in the headlines, just like in the bad-old days.
Morgan Stanley CDS are at 643 bp, up 59 bp on the day. Goldman is out to 403, while Bank of America is at a record 490 bp…
Remember, in 2008, despite the near-collapse of the US financial system, the dollar rallied like a freight train as liquidity dried up and banks had to buy dollars they could not borrow…