Re:Bill Hwang of Archegos Capital lost $20B in two days
by Lt_Riza_Hawkeye on Wednesday May 12, 2021 @05:38PM
(#27135456)
> If a billionaire wants to blow their money on a risky bet, why should the SEC stop it?
It's not "their money" to blow. 80% of that money was borrowed from others and he now cannot afford to pay them back. Yes, the SEC should definitely care
It's not "their money" to blow. 80% of that money was borrowed from others and he now cannot afford to pay them back. Yes, the SEC should definitely care