Bill Hwang Fights Jail After Losing $36 Billion
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- Опубліковано 30 кві 2024
- On May 8, former Archegos founder Bill Hwang is due to appear at the federal courthouse in Lower Manhattan in what promises to be one of the most closely watched Wall Street trials in recent memory. Bloomberg's Sridhar Natarajan has the story.
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No one will probably ever be Ballin' Like Bill
Never Forget
5x leverage time 5x the jail time ?
ABYSS
WSB Hall of Fame #1
bill "jesus take the wheel" hwang
Justice for ballin bill
It takes some skill to lose $36 billion. Most people just don't have it in them and would call it quits after a billion or two.
Lost it? Where is it?
Lost in the stock market.
RIP Robertson
I saw him at a whole foods in nyc lol
Shoulda have asked him if Jesus Christ had any new stock tips recently😂
When you have $35b you don’t really need $36 or $37b.
You are grasping for it because it is a habit.
Fair enough .
But… When you hide your own habit form yourself with some story of redemption and saving the world and charity, etc etc you are in the opposite of a reflective ruminating mindset. You are at-large from yourself and doom is not far away.
Delusional
You don't get to owning 37 billion in the first case if you realize that you don't need more than a certain amount
36 billion🤯🤯🤯🤯🤯😂😂😂😂😂
Ultimate Diamond Hands 😂
Something fishy. How on earth does a transaction flow of 36 billion in total did not triggered bells at either the receiving or supervision sides? When I pay something of 1000 bucks with my cc, it already flags something at the bank and I got a call to check if it was indeed me and if it was intentional. Let's say his company flows 1 billion to an account, times 36 within a week, without new money coming in, surely that must alarm other people in the chain. I think a lot more people dropped the ball here and he is escape-goated.
He bought total return swaps from multiple big banks and holding total return swaps isn't public. The banks, who don't want to thell competing banks about what they do with their customers, so they didnt figure out the mass of money he had invested. With total return swaps the official holder of the stocks were the big banks and big banks holding billions dollars worth of shares in companies doesn't look suspicous.
He invested his own money and it's lost to the general stock market. The only fishy thing he did was tricking the banks into taking on more risk than they were aware of.
@benjamin Hwang leverage Calculator
Sridhar has soap opera like reacs lol
The 3 L's ruin a man. Leverage in this case.
careful BIll when you picking up soap
White collar criminals tend to get into different prisons
“Invest in my fund, God will lead us to the promise lands with his investment picks.” 😂
He actually invested his own money only. He initially got rich by investing other people's money but stopped doing that after he got caught insider trading
He should have read the part of the bible that says you can't serve God and mamnon/mamre. You can't serve God and filthy lucre/money. Money is the root of every form of evil. What can you give in exchange for your own soul?
RIP 🪦 Crédit Suisse
36 billion dollars ? Wow how you lose 36 billion dollars , no in my 45 years I would never spend that much money
It's quite easy to lose that much fast if you just invest it into something very risky like he did
The king of margin trading.
Oy vey
FREE HIM!!!!!!!!!!!!!!!