On March 26, 2021, the financial world awoke to the news that rattled some of Wall Street’s biggest players. To the outside world, and at the center of it all were some unfamiliar and obscure names—Archegos Capital and its Founder Bill Hwang. The word on the street was that Archegos defaulted on billions of dollars of loans and created a contagion amongst some of the world’s biggest banks that now faced billion-dollar losses. What would be uncovered would become one of the most astounding and outrageous financial failures in modern-day history, which all could’ve been entirely preventable.
About The Great Fail Podcast
What makes greatness fail? How do some of the most successful brands, companies, ideas fall flat on their face? Welcome to The Great Fail, a podcast that examines and explores case studies of the most famous and infamous cases. Here we share stories that will irk you, shock you, and have you picking your jaw up from the floor. This isn’t your typical classroom lecture hall– the stories are delivered in a whodunit murder mystery because some of these incredible, and oftentimes avoidable, mistakes are truly a crime!
Craving another mystery? Visit The Great Fail podcast website here.