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Credit Suisse unloads another $2.3B of Stocks Tied to Archegos
- thedudeabides5 6y agoThere are times in finance you get stuck holding the billion dollar, rapidly depreciating, bag. Something a lot of fintechs and crypto companies have yet to really prove. Say what you want about the mega banks but they can take a couple billion dollar loss and not all disappear to Thailand.
- sschueller 6y agoGreensill, Archegos what's next? Some Crypto ICO that they fall for? Or maybe a nice worthless NFT? If you are going to play the high risk games you have to be able to exit as one of the first not one of the last. CS was too busy whitewashing the Greensill scandal from the previous weeks while Goldman Sachs and Morgan Stanley where dumping Archegos.