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Provincetown Select Board adopts code of conduct for most appointed boards
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Delta Doves
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Senator AUR, arestat în Republica Moldova acum 6 ani pentru că avea în curte o cultură de marijuana
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Senator AUR, arestat pentru că planta marijuana în curtea casei O comercializa pe piața neagră
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Authored by Wolf Richter via WolfStreet.com,
Archegos shows how leverage is the great accelerator of stock prices on the way up, and on the way down. One of its bets, ViacomCBS, after skyrocketing, collapsed by 60%.
Vast, unreported, and at the time unknown amounts of leverage blew up Archegos Capital Management, dishing out enormous losses to its investors, the banks that brokered the swaps, and holders of the targeted stocks. The amount of leverage became known only after it blew up as banks started picking through the debris. ViacomCBS [VIAC] was one of the handful of stocks on which Archegos placed huge and highly leveraged bets, thereby pushing the shares into the stratosphere until March 22, after which they collapsed by 60%.