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by TrainedMonkey 1780 days ago
Matt Levine did a pretty good writeup on this: https://www.bloomberg.com/opinion/articles/2021-07-29/archeg...
2 comments

See dang's comment. HN article link previously pointed to a pdf, now it points to this link.
I did enjoy reading through his updates about the situation as it was developing, pretty interesting stuff.

I don't remember the exact line Matt Levine wrote, but he made a point of stating normally you couldn't get away with being this over leveraged, but since Archegos was a family firm it avoided some scrutiny. Interesting to think there will probably always be a way to avoid scrutiny when you're moving that much money around.