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April 19, 2021 - True Anon Truth Feed
04:57
[PREVIEW] Episode 152: Hwang's World
# truano_capital swap_bet regulators alexandra_skaggs archegos_capital_management banking_regulation bankruptcy bloomberg corporate_leverage financial_scandals investment_banking liz_franzac market_crashes money_talk_markets mr_belden

Brace and Young Chomsky dive into Archegos Capital’s $50B swap meltdown, debating its pronunciation while framing the chaos as a high-stakes bet between Brace and his employer. With Barron’s "top queen" Alexandra Skaggs and his all-female advisory team—Liz Franzac included—he dissects leverage, bank risks, and potential regulatory fallout, joking about legal threats if Archegos collapses. The episode exposes how financial scandals blur lines between bets and systemic threats, leaving markets on edge. [Automatically generated summary]

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Let's Talk Money 00:04:57
No, Brace, are you okay?
Yeah, no, I'm fine.
i'm all good um let's just let's just let's just do it Let's just get through this.
I'm Brace.
Did I convince?
Did you think that was real?
No.
Okay, let's.
Okay, money.
Is that your rap?
What do you mean?
No, that wasn't a rap.
That was me.
That was the sound of like air.
No, I was going like a money, a dollar bill, like scraping, you know, the texture of a dollar bill scraping out my dollar bill.
No one does that.
I'm doing it right now.
Well, with my hands and making a noise with my mouth.
But that's like, have you ever like taken a bunch of money and then done it one by one like that?
No.
Off a roof after you like made a big score on the market?
Anything like that?
No, but I have gone swimming in a swimming pool of coins.
You have?
Yeah, with my friends, the little ducks.
I was going to say something there, but I can't make three of those in one episode.
Oh, okay.
Hello, everyone.
Hi.
My name is Brace.
We are joined by producer Young Chomsky, and the podcast is called Money Talk Markets, brought to you by Bloomberg.
That's what we're doing today.
We got Money Talk.
Markets.
Bloomberg.
We have with us today the one and only Barron's top queen, Alexandra Skaggs, to talk about, well, what are we talking about, baby?
We're talking scandal, leverage, loans, bankruptcy, crash, banks, regulators, the police.
We're talking all of it.
And we are talking about money.
let's get to it welcome listeners to braces financial harem Where I invite you into my boudoir.
This is awful.
With my all-female team of financial advisors, of course, we have with us today my number one Goyam advisor, of course, Liz Franzac, and recurring guest, Finco correspondent Alexandra Skaggs.
How are you doing, Alexandra?
Good to have you.
I am good.
How are you guys doing?
Good, good.
Fantastic.
So, before we get into the big story today, you have to settle a little bit of a argument that Mr. Belden and I were having, which I've never called you, Mr. Belden.
That sounded almost kind of strange.
Well, you know, as your employer in the financial sector, I think that's only appropriate.
Yeah, you would.
This is a $50 billion bet between myself and my employer.
It's through a swap, so I'm actually not on the hook for it.
How do you pronounce Archegos?
Archagos?
I think it's Arch Egos.
No, I don't think anyone knows.
it's actually a mystery no i think it's archegos or uh archegos i I've literally heard like every financial news network person, podcaster, say it every which way.
I'm waiting for Portnoy to weigh in, but yeah, I'm just, I think we should all sort of just pick, you know, Truanon style guide.
However you feel like pronouncing Arch Egos today, Archagua, feel free.
You know, it's open.
Since, you know, since it's sort of not doing so great right now, I feel like, what are they going to do?
Sue us?
Yeah, totally.
Actually, they might.
That's where they get their money back.
So.
Truanon Cash.
Yeah.
Archegos capital management.
People not following the story, you should be, but now you are because there's a new Truanon.
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