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	Podcast:		The Breakdown
	Episode:		Corruption, Leverage and Cheap Money: Archegos and the Fastest Loss of Wealth in History
	Category:		Business
	Duration:		00:17:34
	Publish Date:		2021-04-02 01:00:00
	Description:		The financial world has been rocked by the Archegos scandal. A family office managing at least $10 billion and betting with $50 billion-$80 billion on leverage that was completely undone, literally overnight. In this episode, NLW breaks down: Bill Hwang’s origins in Julian Robertson’s Tiger Management Hwang’s conviction for insider trading How Hwang leveraged his fund’s performance to get off prime broker blacklists Why Goldman Sachs, Morgan Stanley and others decided to margin call Archegos last week What the whole affair says about markets today -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW The Breakdown is produced and distributed by CoinDesk.com
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