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Archegos & Credit Suisse – Tip Of The Iceberg
Published by Egon Von Greyerz | Apr 8, 2021 | Articles 3898

Warren Buffett called derivatives financial weapons of mass destruction and he is absolutely right. Greedy bankers have now built derivatives to a self-destructive nuclear weapon. Archegos shows the world that an unknown smaller hedge fund can get credit lines of $30 billion or more that quickly leads to contagion and uncontrollable losses.

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