Repo Madness 2021: Same Collateral Used 7 Different Times By Hedge Funds?

More details are coming out about Archegos and the growing repo and collateral problems. The Fed is going to have to do more insane amounts of…

by Jason Burack of Wall St For Main St

More details are coming out about Archegos and the growing repo and collateral problems.

And the Fed is going to have to an more insane amounts of emergency liquidity.

A recent CNBC article that former Wall Street investment bank VP Caitlin Long reported on cited who the exact same collateral was used 7 times by hedge funds and family offices.

And this weekend the Financial Times is reporting that Archegos lost $110 billion in only 5 days and they were (over) leveraged by 500%!

FULL SHOW NOTES AND LINKS HERE

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