Re:Bill Hwang of Archegos Capital lost $20B in two days
by xkjkls on Wednesday May 12, 2021 @03:21PM
(#27134124)
LTCM wasn't bailed out, all the investors in it got screwed. Banks took 90% control of all of their assets, and the 10% that was left to the original capital managers was still far less than many of the debts accrued.
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Re:Bill Hwang of Archegos Capital lost $20B in two days
by xkjkls on Wednesday May 12, 2021 @03:22PM
(#27134142)
I suppose this really calls into question, what bail out means to you. If we label every private company transaction for a struggling company as a bail out, rather than the traditional one where only ones where the government steps in, then it's almost impossible for anything to not get bailed out.