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Eh, when the Archegos fund leveraged at $100B collapsed a few weeks ago, many banks cashed out many billions. It made the news because they gave lots of leverag
by stefan_ 6y ago
Eh, when the Archegos fund leveraged at $100B collapsed a few weeks ago, many banks cashed out many billions. It made the news because they gave lots of leverage to a big gambler, not because that event in any macroeconomic sense mattered at all.
- noxer 6y ago>banks The entities where almost everyones non-physical assets is stored. Yes, they can indeed do things private person cant do.