pendell

Current Hyperfixation: Wizard of Oz

  • He/Him

I use outdated technology just for fun, listen to crappy music, and watch a lot of horror movies. Expect posts about These Things. I talk a lot.

Check tags like Star Trek Archive and Media Piracy to find things I share for others.



vogon
@vogon

Archegos has been compared, with good reason, to Long Term Capital Management, the hedge fund whose collapse in 1998 posed such acute danger to the financial system it had to be bailed out under the auspices of the New York Federal Reserve to the tune of $3.6 billion. Today, family offices are estimated to hold at least $6 trillion in assets—more than the entire hedge fund industry. If one little-known family office is capable of wiping billions off the balance sheets of six investment banks, how long before the Federal Reserve and Treasury step in to prop up a single family fortune?


NireBryce
@NireBryce

I've found its better to think of these families as corporations, not families, because they operate like them. in the 1602 sense.


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