How Bill Hwang Lost $20 Billion in 48 Hours | Archegos Collapse

Bill Hwang lost $20 billion in two days — without a single public filing revealing his true exposure. Using total return swaps, Hwang's Archegos Capital secretly held tens of billions in leveraged positions, and when Credit Suisse issued $2.8 billion in margin calls on March 25, 2021, the entire structure collapsed overnight. Goldman Sachs sold $10 billion in stocks in a single day, ViacomCBS dropped 27%, and Credit Suisse alone lost $4.7 billion. Hwang was arrested on April 27, 2022, charged with racketeering and securities fraud — a man who once founded a Christian ministry on financial stewardship.🎧 Part of the Sleepy Stock Market series — financial history told as documentary audio.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━SLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━#Archegos #BillHwang #WallStreet #FinanceShorts #CreditSuisse #StockMarket #FinancialCrisis #MarginCall #Investing #MoneyShorts