Matt Levine in top form today on the Archegos report:
https://www.bloomberg.com/opinion/articles/2021-07-29/archegos-was-too-busy-for-margin-calls
Everything in the report is like this. This report is not a bunch of lawyers identifying a bunch of problems and characterizing them, in hindsight, as 'red flags.' Everyone saw all the problems here, evaluated them reasonably, came up with sensible solutions and then didn’t do them.
― o. nate, Thursday, 29 July 2021 18:39 (two years ago) link