Hello, fellow Rebel Capitals. Hope you are well.

I didn't get to do a Halloween special.

So today, I've got my costume on.

Who am I? Let me know in the chat.

If you guess Josh Lassard, you are correct.

Or I'll also take every single young person that works online.

Either or, but getting into the topic of today's video, we've got big, big news, and that is two subprime hedge funds just blew up. And it's getting

eerily, eerily similar to 2007.

Now, they say that history doesn't repeat, but it rhymes.

When you look at what happened, like Bear Stearns in 2007,

it isn't really rhyming.

It's like literally repeating itself. That's for sure. Okay, so let's see how Josh

Lassard does this video here. You guys ready to rock and roll? Okay, let's dive in. So we have first and

foremost, oh, let's go over here. What's happening? UBS. Why is it always the Swiss banks? It's either Credit Suisse,

UBS. And remember, UBS basically absorbed Credit Suisse when they blew up in 2023, and they were

always on the brink, you know, it's just a matter of time. But here's what happened. So they had two

funds or they had a group of funds called the O'Connor funds.

And I think this was, they're based out of Chicago or something like that.

But the bottom line is that one of these funds that blew up had big, big exposure to first brands.

Now we got to give a hat tip to Jamie Diamond.

That's for sure.

Because, man, was he ever right on the money when he said that when you see one cockroach,

...