Repo Madness Update: More Hedge Funds In Trouble, Credit Suisse Loses Over $7 Billion Needs Bailout?

 

New reports have Credit Suisse now admitting to over $7 billion (and counting) in losses from a bad $320 billion loan to family office Archegos when Credit Suisse bank was adamant only a few weeks ago that, at most, the bank would lose $5 billion.

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We may never find out the real amount of losses as the real amount will probably be swept under the rug to save face.

They may need an ECB/Fed bailout sooner than later.

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Famous investor Scott Minerd is now warning about other hedge funds and family offices that are over leveraged on bad trades and may blow up like Archegos soon: finance.yahoo.com/news/minerd…

 

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