@@Jacquellynnn You are right liquidating assets so that inflation can dwindle at it while they are in jail is better. Out with the druggies in with the crooky business men. Love that! The jailers will be paid and not tell the difference. An addict is addict!
Lots and lots and lots and their all gunna get margin called and every stock is gunna take a massive hit besides the ones they shorted the living daylights out of. Can you say market correction?
As long as these complex unregulated derivative contracts exist, a lot of these large "under the table" positions will still happen. Have someone in Congress who understands these and can regulate them and the game changes. Not getting hopes up though
Sure, now that the cows have left, let’s close the barn door with more regulations that people don’t follow. How about trying some serious prison time for these crooks?
@@rainydays999 Indeed. Myself included, and I haven’t been on vacation in over 2 years. Actually, it’s been at least 3-4 years. I don’t go around whining about it. I’m grateful for what I do have. It’s more than I deserve.
Im mostly cash... This is gonna get ugly quickly... You have to understand those dollars are now gone. I'm sure this dudes funds are all gone. Or should I say customer funds...
their not wrong, its not the virus that is affecting our lives, its the government. Without the government doing crap like this we wouldnt be locked in our houses or in this mess in the economy.
They don't the 'derivative is only a symbolic rep of the asset. The banks don't ask what the heck they are leveraging against because they dont have to. This is going to cascade. He isn't the only one doing this.
It’s a zero sum game. The money does not vanish. It changes hands. This could be one of those rare moments in history where we’re witnessing the greatest inter-class wealth transfer. Get $NAKD: It’s the next big short squeeze everyone is talking about !!! Short interest is almost 488% of float. What on earth are you thinking if you’re not already in? 🚀🚀🚀
I didn't hear CNBC mention SEC should step in, regulation is needed. N this is a "fascinating" "opaque" story for you guys. That is why in CNBC we no trust. Go back to picking on $GME
Archegos had huge positions in Viacomcbs stocks (and others). How they mange to buy so much was by borrowing (or leveraging) from the banks. Basically, the bank agrees to buy X amount of shares on behalf of Archegos, in return for a fee (called margins). From the outlook, the banks are the owners of those stocks. Thus, the banks had no idea that so much of these stocks were actually held by Archegos. Ideally, the margins that Archegos have put up should be higher than what has been lost in the stock market that the bank held. This protects the bank from Archegos potentially defaulting on the losses. When some of the Chinese stocks that Archegos have leveraged fell, these banks asked Archegos to post more margin (essentially money/ collateral) to maintain its position in those stocks. When Archegos didn’t, the bank sold those stocks to protect themselves. In the meantime, early this year, Viacomcbs stocks went up from $40+ to $100+ in 2 months (probably due to Archegos’ massive buying), and thought that their stocks were in high demand. They decided to offer more shares to the public at $80-$100 in order to raise money for their streaming contents. They misjudged the market’s appetite for those shares and diluted its price, hence the stock price fell. This has spooked the banks which held large amount of Viacomcbs stocks (like billions of dollars) on behalf of Archegos, and they asked Archegos to put up margins for those losses/ exposure. When Archegos failed to do so, the banks sold those shares in masses. Two banks declared that Archegos defaulted and sold the stocks. This triggered a massive selloff as other banks also sold the stocks that they have held for Archegos in panic. The sudden flood of shares in the market had caused Viacomcbs stocks to fall about 50%, and it’s now back to $40+. Those banks that had sold first probably made some money or managed to cover the losses. And the banks that were late to the selloff (like Credit Suisse and Nomura) posted huge losses. This, in turn, caused the share prices of those banks to fall.
Andy Mills is chairman of Archegos Capital and Peter Philbrick is director of business development. Why would family owned fund need director of business development to attract more fund. There are lot of illegal stuff going on around this company thus SEC should investigate by confiscate their materials before they destroy all the evidence. Since all of people worked at Archegos Capital was heavily involved with church, it's very likely that they had rich pastor families assets under their management and not declared at SEC. Victims will unlikely come out in public due to embarrassment being head of church. There are tax fraud and SEC fraud all over this company. Bill Hwang also likes to brag about his church involvement during meetings which I hate selling God to raise fund for his gambling habit. US SEC and S Korean SPO should work together for this investigation. Since 2010, both law enforcement can share data without going thru an embassy.
Lol. Different day, same old leverage run.... Thus movie nevers gets old. Hwang overreached since he operates a family office so much less compliance guard rails.
Nothing will ever change as long as funny money is being created and instead of funding real productive assets, projects, scientific and technological advancements that bring around solid jobs and increased prosperity, is instead lent around to mediocre clowns who bet the house until they go belly up! Why can't we criminalize such behavior and send these people to rot in jail for some time to teach them a lesson in speculation??
Palantir could have avoided this, linked all those credit swaps and high leveraged bets / swap agreements linked to one person and many banks linked to one trade.
First, all those people poring into financials because bank stocks were a great value? Next, all those investments associated with the leverage and dependant on it will find the taps being closed off. How far will it go? Too big to fail immediately comes to mind. Last? It's always the poor sap taxpayers?
Not systemic? lmao. You just wait. The only game in town are these offerings being pushed. These hedge funds own many of them. This guy owned 10% of viacom...
'Very strange Block trades' lol It's all such a mystery! lol How was this allowed to happen... lol No way!... Swap agreements all across Wall Street... No Way! ... lol It's not like there is software that can track data and numbers... It's all magic! Gosh he didn't listen to the rules and just made these deals. And we all know that software can't track any of this because its so complicated to write such software...lol A 12 year old could write software to track this.... lol We all know that none of this matters... fresh money gets minted and everyone involved is made whole... oh but WallstreeBets sub-Reddit humans acting on publicly available data need to be regulated for sure!
Hedge funds management will never change.., unless they get punish with prison time.
White collar criminals...the *super predators* America likes..because *money* .
@@Jacquellynnn You are right liquidating assets so that inflation can dwindle at it while they are in jail is better. Out with the druggies in with the crooky business men. Love that! The jailers will be paid and not tell the difference. An addict is addict!
Will never happen.
cut the shepard smith ending its so freaking annoying
Exactly 😂😂😂
Shepard or George Stephanosticcssnnt whatever the hell his name is.
George stephanapolis 😂
YES
Glad I liquidated my portfolio and went 100% GME
now that's the diverse portfolio im talking bout!!
Is that a joke?
May thine hands be diamonds
Idiot
This is the way
All I can wonder is How many Archegos are out there right now?
Lots and lots and lots and their all gunna get margin called and every stock is gunna take a massive hit besides the ones they shorted the living daylights out of. Can you say market correction?
All of them.
As long as these complex unregulated derivative contracts exist, a lot of these large "under the table" positions will still happen. Have someone in Congress who understands these and can regulate them and the game changes. Not getting hopes up though
Sure, now that the cows have left, let’s close the barn door with more regulations that people don’t follow. How about trying some serious prison time for these crooks?
Can we turn this into a movie? It sure sounds funny
The devil showed his hand ✋ lololo buying,more amc!!!!!!!!
We can...when the stock market drags back our Jobs and home prices the a fraction. Lol
already have movies about this.. ( margin call 2011 and the four big shot 2015) best ever movies
VIAC itself should buy it's shares back at $47, a week after raising money at $82. 😂
Pretty sure there’s a rule about that, recapture or whatever
You may be right.
First vacation in 8 months. Poor guy.
Some of us have been in lockdown for the past year!
@@rainydays999 Indeed. Myself included, and I haven’t been on vacation in over 2 years. Actually, it’s been at least 3-4 years. I don’t go around whining about it. I’m grateful for what I do have. It’s more than I deserve.
Im mostly cash... This is gonna get ugly quickly... You have to understand those dollars are now gone. I'm sure this dudes funds are all gone. Or should I say customer funds...
He used his own money
Me to %100 cash we don’t have any visibility to the contract swaps. I been there with Wamu, Lehman, fnma,.
@@Amaury5k some of his trades had 20x leverage. Where do you think he got that from?
i hope CNBC does more videos like this. someone apparently in the know speaking earnestly about real news.
First vacation in 8 months dam he's got it good i haven't taken one in 4 years!
THEIR world VS OURS!!!
Can anyone remember when the time Wall Streeters have ethics? Me neither.
Last year they talked about a virus that probably wouldn't have that much effect on our lives, this feels like the financial replay of that story.
their not wrong, its not the virus that is affecting our lives, its the government. Without the government doing crap like this we wouldnt be locked in our houses or in this mess in the economy.
@@justinbernardo8240 you're right there's nothing to worry if you're dead
@@oscarnn7278 Yeah keep spreading that fear. Im not buying it. 1 year later and im still standing strong.
Banks don't know? Who you two trying to fool?
Amen
They don't the 'derivative is only a symbolic rep of the asset. The banks don't ask what the heck they are leveraging against because they dont have to. This is going to cascade. He isn't the only one doing this.
Stock market is a big scam overall
Will be a great American Greed show.
This fund was squeezed by the likes of GS and MS! They saw an opportunity and were the first sellers. Not the first time a bank screws its clients!
I like AMC
AMC10k💎🙌🚀🦍
It’s a zero sum game. The money does not vanish. It changes hands. This could be one of those rare moments in history where we’re witnessing the greatest inter-class wealth transfer.
Get $NAKD: It’s the next big short squeeze everyone is talking about !!! Short interest is almost 488% of float. What on earth are you thinking if you’re not already in? 🚀🚀🚀
Viacom ..cbs ..greed ..direct offerings after all time high ? Crazy idea to me .
This is why we need blockchain.
So nothing fundamentally changed with Viacom and their value dropped by half? How does that make sense?
I didn't hear CNBC mention SEC should step in, regulation is needed. N this is a "fascinating" "opaque" story for you guys. That is why in CNBC we no trust.
Go back to picking on $GME
GME to the moon!!
JPM deserves it they also play games with ETF’s but none of your channels speak of it on tv.
They probably bet against gamestop and amc
That’s exactly what I was thinking
They don't even know what they were talking about. TME is Tencent Music, not the Tencent Group.
what happened ?
AMC10K💎🙌🚀🦍
Buy and hold AMC 👐💎👐🚀🚀🚀🚀🚀🚀🚀🚀🍋🍋🍋🍋
AMC10k BABY💎🙌🦍🚀
i didnt understand most of it, but i hear a short fund got fooked and im all smiley like its my birthday
On chain smart contracts fix this.
Well well well...the fox gets cough in it's own trap love it.
Nomura is the new Lehman Brothers!!!
@Diego Baeun I corrected it brother/Sister. Thanks that was extremely necessary to articulate what I wanted to express.
@@FirstNameLastName-fv4eu lol loved the sarcasm lol
Is he referring to an equity swap ?
Can someone please explain in layman's terms what this whole archegos situation is.
Archegos had huge positions in Viacomcbs stocks (and others). How they mange to buy so much was by borrowing (or leveraging) from the banks. Basically, the bank agrees to buy X amount of shares on behalf of Archegos, in return for a fee (called margins). From the outlook, the banks are the owners of those stocks. Thus, the banks had no idea that so much of these stocks were actually held by Archegos. Ideally, the margins that Archegos have put up should be higher than what has been lost in the stock market that the bank held. This protects the bank from Archegos potentially defaulting on the losses. When some of the Chinese stocks that Archegos have leveraged fell, these banks asked Archegos to post more margin (essentially money/ collateral) to maintain its position in those stocks. When Archegos didn’t, the bank sold those stocks to protect themselves.
In the meantime, early this year, Viacomcbs stocks went up from $40+ to $100+ in 2 months (probably due to Archegos’ massive buying), and thought that their stocks were in high demand. They decided to offer more shares to the public at $80-$100 in order to raise money for their streaming contents. They misjudged the market’s appetite for those shares and diluted its price, hence the stock price fell. This has spooked the banks which held large amount of Viacomcbs stocks (like billions of dollars) on behalf of Archegos, and they asked Archegos to put up margins for those losses/ exposure. When Archegos failed to do so, the banks sold those shares in masses. Two banks declared that Archegos defaulted and sold the stocks. This triggered a massive selloff as other banks also sold the stocks that they have held for Archegos in panic. The sudden flood of shares in the market had caused Viacomcbs stocks to fall about 50%, and it’s now back to $40+.
Those banks that had sold first probably made some money or managed to cover the losses. And the banks that were late to the selloff (like Credit Suisse and Nomura) posted huge losses.
This, in turn, caused the share prices of those banks to fall.
@@MsEverAfterings thanks for taking the time!
Don’t invest in insane stocks like GME. PROTECT your money in reliable companies like Discovery and Viacom
😅😂🤣
ngl, I laughed
Andy Mills is chairman of Archegos Capital and Peter Philbrick is director of business development. Why would family owned fund need director of business development to attract more fund. There are lot of illegal stuff going on around this company thus SEC should investigate by confiscate their materials before they destroy all the evidence. Since all of people worked at Archegos Capital was heavily involved with church, it's very likely that they had rich pastor families assets under their management and not declared at SEC. Victims will unlikely come out in public due to embarrassment being head of church. There are tax fraud and SEC fraud all over this company. Bill Hwang also likes to brag about his church involvement during meetings which I hate selling God to raise fund for his gambling habit. US SEC and S Korean SPO should work together for this investigation. Since 2010, both law enforcement can share data without going thru an embassy.
jerome powell and yellen probably has positions in viac and discovery. printing more money.
This is the beginning of a fire sale!
-Margin Call 2011
Isn't this what GS exactly did in 2008?
A rentier lost all his money, which is great.
With these swaps, weren't the banks/prime brokers the owner of the 10+ % stock in these companies? Because then mr. Hwang didn't have to disclose it.
Lol. Different day, same old leverage run.... Thus movie nevers gets old. Hwang overreached since he operates a family office so much less compliance guard rails.
Banks are just greedy. Just like during the financial crises.
Sounds like these people done know what they are doing
NAKD IS THE SECOND MOST TRADED STOCK ON DARK POOLS... WE HOLD AND WE SQUEEZE YOU TO REKT HEDGIES
We’re going to take everything from them! Occupy Wall Street !!!
Bitcoin for the win
citadel is next
Almost as if it’s all a house of cards
Nothing will ever change as long as funny money is being created and instead of funding real productive assets, projects, scientific and technological advancements that bring around solid jobs and increased prosperity, is instead lent around to mediocre clowns who bet the house until they go belly up! Why can't we criminalize such behavior and send these people to rot in jail for some time to teach them a lesson in speculation??
cramer sits on the toilet when he urinate
lets audit the rothchilds
Create analysis David
Palantir could have avoided this, linked all those credit swaps and high leveraged bets / swap agreements linked to one person and many banks linked to one trade.
What the hell does this mean???
First, all those people poring into financials because bank stocks were a great value? Next, all those investments associated with the leverage and dependant on it will find the taps being closed off. How far will it go? Too big to fail immediately comes to mind. Last? It's always the poor sap taxpayers?
"sell it all, today"
Major Crimes! Corruption💯
These guys creamer and Fabre have no clue about the derivatives market
$AMC
The answer Cramer is Blind with Greed.
Amc to the moon
Its non systematic....Good riddance to this hedge fund....
Thank heaven its been nipped in bud quickly and only in a few names
Not systemic? lmao. You just wait. The only game in town are these offerings being pushed. These hedge funds own many of them. This guy owned 10% of viacom...
Hedge funds mess with Gamestop and the game stopped. Reverse uno.
Why is this BS legal?
- Buy Wells Fargo, Amazon, Apple, Facebook, Nvidia, Microsoft, Netflix, Disney ........these are the stocks you want to own
Let me guess, you own these stocks
Money go s bruhhh . Dollers ... Need to Print more xD
🛒🗣SILVER & THETA Guardian Node its your Only protection and stay in The Lord.
Stolen Securitys💯
⏳📞
The elegant lift histologically beg because waterfall undoubtedly disapprove notwithstanding a educated custard. funny, level verse
'Very strange Block trades' lol It's all such a mystery! lol How was this allowed to happen... lol
No way!... Swap agreements all across Wall Street... No Way! ... lol It's not like there is software that can track data and numbers... It's all magic!
Gosh he didn't listen to the rules and just made these deals. And we all know that software can't track any of this because its so complicated to write such software...lol
A 12 year old could write software to track this.... lol We all know that none of this matters... fresh money gets minted and everyone involved is made whole... oh but WallstreeBets sub-Reddit humans acting on publicly available data need to be regulated for sure!
The didactic unshielded ectrodactyly practise because daughter immunohistologically treat despite a cagey music. grotesque, jolly digestion