Corruption, Leverage and Cheap Money: Archegos and the Fastest Loss of Wealth in History

<p><span style="font-weight: 400;">The financial world has been rocked by the Archegos scandal. A family office managing at least $10 billion and betting with $50 billion-$80 billion on leverage that was completely undone, literally overnight. </span></p> <p><span style="font-weight: 400;">In this episode, NLW breaks down:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Bill Hwang’s origins in Julian Robertson’s Tiger Management</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Hwang’s conviction for insider trading</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">How Hwang leveraged his fund’s performance to get off prime broker blacklists</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why Goldman Sachs, Morgan Stanley and others decided to margin call Archegos last week</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">What the whole affair says about markets today</span></li> </ul> <div data-pm-slice="1 1 []" data-en-clipboard="true">--</div> <div>Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io</div> <div>--</div> <div>Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" rev= "en_rl_none">https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</a></div> <div>Spotify: <a href= "https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ" rev= "en_rl_none">https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ</a></div> <div>Google: <a href= "https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=" rev= "en_rl_none">https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=</a></div> <div> </div> <div>Follow on Twitter:</div> <div>NLW: <a href="https://twitter.co