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%!
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