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A comment on Credit Suisse Takes $4.7B Hit on Archegos Meltdown. Parent comment

Re:Credit Suisse Takes $4.7B Hit on Archegos Meltdown by lordnacho on Tuesday April 06, 2021 @10:51AM (#26712486)
Disregard the 115%, that's from the pre-GFC times when banks used to give you more money than you needed to buy the house, plus some more to buy a car.

You're right there were several deals, but again, you're allowed to ask questions as a PB. Clearly if you're lending money to a guy who is borrowing from a bunch of other people to do the same thing, you should have a think about it.

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Re:Credit Suisse Takes $4.7B Hit on Archegos Meltdown by duxup on Tuesday April 06, 2021 @10:56AM (#26712556)
>you should have a think about it.

Yeah in a couple other articles it seems some banks refused to lend to / cut off Archegos at some point(s). These guys who are all leverage all the time ... seems inevitable they get it wrong.

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Re:Credit Suisse Takes $4.7B Hit on Archegos Meltdown by tedunangst on Tuesday April 06, 2021 @11:14AM (#26712814)
Turns out banks don't like telling other banks what all their internal positions are.
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