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Matt Levine did a pretty good writeup on this: https://www.bloomberg.com/opinion/articles/2021-07-29/archegos-was-too-busy-for-margin-calls https://www.bloomber

• glasss 5y ago
  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.
• csours 5y ago
  See dang's comment. HN article link previously pointed to a pdf, now it points to this link.