From CNBC's
NetNet:
Morgan Stanley [MS
16.86
0.23
(+1.38%)
] said Wednesday that it had hedged its exposure to France so much that the number is actually negative $286 million.
In
other words, once you take into account Morgan Stanley's hedges, the
Wall Street firm is short France. Meaning, it is positioned to profit
from a financial crisis in France.
Without the hedges, Morgan Stanley has around $1.53 billion to risks linked to Fra