The crisis in confidence dragging down the economy and financial markets is multi-factorial, but surely a significant part of the problem is that you just can’t trust Wall Street financial institutions to tell the truth about their own financial health, according to John Carney’s CNBC.com article entitled “Wall Street’s Credibility Problem.” He cites Morgan Stanley’s assertion on September 29, 2008, two weeks after the bankruptcy of Lehman Brothers, that it had a “strong capital and liquidity position.” In fact, however, almost all of its available cash was borrowed from the Federal Reserve. The firm actually reached its borrowing peak of $107.3 billion on the very same day it said it had a “strong capital and liquidity position.”