Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Eh, when the Archegos fund leveraged at $100B collapsed a few weeks ago, many banks cashed out many billions. It made the news because they gave lots of leverage to a big gambler, not because that event in any macroeconomic sense mattered at all.


>banks

The entities where almost everyones non-physical assets is stored. Yes, they can indeed do things private person cant do.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: