Re:Bill Hwang of Archegos Capital lost $20B in two days
by endisneigh on Wednesday May 12, 2021 @03:01PM
(#27133906)
We'll have to agree to disagree on this one. Personally, if I give you a dollar and you give that dollar to someone else, I'd say that I had indirectly given the final person a dollar.
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Re:Bill Hwang of Archegos Capital lost $20B in two days
by eloff on Wednesday May 12, 2021 @03:04PM
(#27133931)
It's indirect. So that doesn't make it a bailout anymore.
Re:Bill Hwang of Archegos Capital lost $20B in two days
by endisneigh on Wednesday May 12, 2021 @03:06PM
(#27133957)
That's not what bailout means...
The direct or indirectness of the money flow is unrelated to whether or not something is a bailout.
Re:Bill Hwang of Archegos Capital lost $20B in two days
by eloff on Wednesday May 12, 2021 @03:18PM
(#27134090)
A bailout is a discrete event.
It happened, it's over. Citadel still exists as a company thanks to the AG bailout. That does not mean everything citadel ever buys is now a government bailout.
That's just silly.