Re:Credit Suisse Takes $4.7B Hit on Archegos Meltdown
by Spinnaker_ on Tuesday April 06, 2021 @11:21AM
(#26712921)
It's called the Bob Rubin trade. For years you stack up risk and profit immensely from it ($125 million). When things eventually blow up you simply... step away.
So sure, people were fired, but it's not like they are giving back all the money they made.
So sure, people were fired, but it's not like they are giving back all the money they made.