[Political Junkie Too]

I still wonder if Archegos was a part of the GameStop short squeeze and got caught. Bill Hwang has a prior history of illegal shorting, and previously worked for an investment firm that backed out of GameStop because of bad management, giving Hwang some knowledge of GameStop's vulnerability.

-PJ

[riverrunner]

10 billion spread over how many banks.

I would bet that it is a very small portion of the over all amount of money dealt with.

[srmanuel]

If one guy that average person has never heard of can cause this much damage you have to think they’re any number of other people out there who have bigger more dangerous positions in financial markets just waiting to cause a tsunami of financial loses...leading to who knows what.