The FT’s Robin Wigglesworth has a handy explanation of why Archegos was able to build up large, highly leveraged positions in Chinese tech and US media companies, with the support of multiple lenders, without triggering attention : Historically, family offices have not had to register with the Securities and Exchange Commission because of an exemption for firms with 15 clients or fewer.
Let them all go to the wall. That should help governments meet their climate commitments before 2050 therefore offer children some hope about their future. The ecological crisis is the inevitable outcome of an unsustainable system banks rely on. It's time we all embraced change.
Time for hyperbitcoinization.
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