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"'A Gigantic Clusterf**k': How Morgan Stanley Avoided $10BN In Archegos Losses By Selling First"

Interesting. And halfway through the piece I thought to myself this is just like how the very enjoyable movie, Margin Call, unfolded. And lo and behold, the author made the same point. (Except in the movie Kevin Spacey claimed that the nobody would ever do business again with the Morgan Stanley-like firm again. Ha!)

"Be first, be smarter, or cheat" indeed.