The latest Wall Street scandal: Archegos Capital Management - VisualPolitik EN

This is the story of the latest financial scandal to rock Wall Street and the global financial industry. It’s one of those stories that only happens in the United States.

It’s the story of Bill Hwang, a South Korean immigrant who, after arriving in the United States with his father, learned to read and write English while working at McDonalds, later became a successful financier in the multi-billion dollar hedge fund industry and has now left several of the world's largest banks shaking in their boots.


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[joshlewis]

I like how a bunch of kids on the interwebs seen how shady these businesses are n stick it to em.

[ultimatestoryteller]

It's funny how Coldfusion also uploaded their video about him just a few days back. So basically both my favourite channels covered the same topic, and person.

[Whatup]

You guys NEED to cover BLACKROCK in the US that is buying up all the houses at 2-3x market value to literally create a permanent renting class in the future!!!

[jonathanrayne]

"Brains will only get you so far and luck ALWAYS runs out" - Thelma & Louise

[davidjma]

It wouldn't be a scandal without Credit Suisse being involved!

[LichuStar]

> Lost 10 billions
How much do central banks print each year and give away to banks these days?

[setafavn]

Big banks lose $10 billion?? Hmmm… couldn’t have happened to a better group.

[kumikoOG]

*What’s the special prize, and who gets it.*
*Me: the best kind of prize is a surprize.*
*Also me: Hahahaha.*

[RAS_Squints]

What is a difference between a bookie and capital management? Ask Billy Ray Valentine

[shakiMiki]

5 billion loss for potential 18m year gain. How do these people get to e in a position they make these decisions?

[tannerwilson]

Speaking of politics and finance. How about a video on El Salvador recently allowing BitCoin as legal tender in the country. Becoming the first country to do so. Is this a turning point for Crypto Currency or just an isolated decision and what are El Salvador’s goals and hopes for the country with this decision.

[mindtwister]

Every gambler will tell u it doesnt take much to lose a lot real fast

When "Jesus, take the wheel" becomes an investment strategy.

[steveclayton]

Archegos can't be the only ones doing this.

[JohnDoe-ukiu]

Fun fact: There was a conf call between those banks to talk about the issue trying to figure out what was going on and how to limit losses by playing together instead of solving the problem individually. Unfortunately for them, Goldman sachs left the call earlier with some BS pretext to sell all they could before the others were done with the call.
Now you know why GS, who had a similar exposition to the one of Credit Suisse, doesnt even show up in the list of banks with losses.

[timedone]

If things went the other way, he would have been the smartest guy in the business. Goes to show how tough investing is.

[gily]

Good grief! So-Sa-Ye-Tet Je-Ne-Rwal?!
This is like scratching a blackboard with Freddie Krugger's nails!

[Unazaki]

This is why u stay the hell away from speculative derivative instruments. 1 wrong move and u basically get vaporised.

[philandeswilliams]

Bill Hwang was a good man that made a Big Bet and lost. He didn't cheat or steal from anyone.
I hope he rises from this setback.

[ndorobei]

Forex is the safest, but still it is very risky.