Archegos's Leveraged Blow-Up: Danger Under the Hood?
Real Vision: Finance & Investing
Real Vision
4.1 • 1.1K Ratings
🗓️ 31 March 2021
⏱️ 38 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The Archie goes liquidation, new stimulus affecting treasuries, and then Ethereum and NFT. |
| 0:18.8 | It's TG Tuesday, welcome Tony Greer, Ash Bennington, how are you today, man? |
| 0:24.0 | I'm doing great, so this is really an interesting one because I've basically been down the crypto |
| 0:28.5 | rabbit hole since last week with crypto gathering and institutional credit investor crypto |
| 0:35.3 | gathering day yesterday. So this is my first day back for a while. I know I've missed a ton. |
| 0:40.6 | What's going on? Oh, man, are you kidding me? I love it. I love that I get to update you first |
| 0:46.4 | for change, Ash, you know what I mean? I mean, this is like walking into the, you know, 40 minutes |
| 0:51.2 | into pulp fiction and saying, what's going on here? Literally, literally, it's, you know, |
| 0:57.3 | there's a lot to catch up on, but to start, you know, the Archie goes the capital blow up, |
| 1:02.4 | you know, Bill Wang, the one of the Tiger Cubs in Asia has been a manager down there for years. |
| 1:09.6 | Obviously, it's a large margin call that seemed to have been activated by four broker dealers, |
| 1:15.6 | sort of mysteriously prime brokering the risk together, which is one of the things that I've |
| 1:22.7 | sort of never heard about in this, you know, in a scenario like this before where you've got |
| 1:27.7 | Goldman Sachs, Morgan Stanley, Nomura, and credit Swiss, all with the same overtly, obviously, |
| 1:38.4 | you know, coming apart risk on their books, they're going to have margin calls on their clients, |
| 1:43.6 | and they are all colluding apparently on the information, which is nothing that I've ever heard |
| 1:48.5 | before. And then Goldman Sachs goes ahead and puts the flow out on an email in the morning and says |
| 1:52.7 | the whole avalanche in motion. Next thing you know, we've got somewhere between, you know, |
| 1:57.9 | a hundred and a hundred and twenty billion dollars of capital and scinerated from, you know, |
| 2:03.6 | leverage blow up of Bill Wang. So, you know, we saw the moves that it caused Ash, if you look at |
| 2:11.6 | some of the stocks, I'll give you the ticker, but like names like disgay, and tensin, entertainment, |
| 2:17.9 | and buy-do, the IDU, and VIP shop holding, some of these stocks have got divots in them like you've |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Real Vision, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Real Vision and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

