Today I Want to talk about how Bill Huang is about to snitch on Citadel He's just requested the court subpoena 10 major Banks so he can shift the blame for the Archaicos collapse. Bill Huang is somebody that is not afraid to snitch on the big guys and it wouldn't surprise me if Citadel is next in his firing line. So stay tuned and let's make some money. You know how to drive straight in with thecubation.

So Frank tweeted saying Bill Huang Thirsty wangs up the margin call and then he wangs ten Banks out to dry Huang Said the documents will show that Arcados's counterparties played a pivotal role in the March 2021 collapse of his once 36 billion dollar firm. So this article says: Bill Huang the founder of Arches Capital Management on Thursday AK yesterday asked the judge to let him subpoena documents from 10 major banks in an effort to shift blame as he defends against criminal fraud charges that the firm's collapse was his fault. Prosecutors accused Huang of borrowing aggressively to fund Total return swaps that boosted our Kagos's exposure to stocks like Viacom CBS and Discovery and also GameStop and AMC to more than 160 billion dollars and most importantly, conceding the risks by borrowing from several Banks which would effectively allow him to take a position multiple times the size of a company's float without any individual lender being any other wiser. They've accused Bill Huang of hiding this information from the banks and taking illegal SWOT positions.

but I Guess what Bill Huang is saying is that actually guys, all of these Banks knew I held positions with each other. they just didn't care and committed the crimes anyway. He's saying it wasn't me that was hiding that I was synthetically long or short more than a company's float. it was these individual Banks conspiring between themselves to hide that fact and other banks that Huang wants the subpoena in addition to UBS of Bank of Montreal Deutsche Bank Goldman Sachs Jeffries McGuire Mitsubishi and Mizuho Morgan Stanley And interestingly you know Mura, which still has a large AMC short position.

Now Obviously, so far Citadel isn't in this list, but it wouldn't surprise me if Citadel is next up on the firing line. I Think it would be really interesting to see how this lawsuit plays out if the courts do allow Bill white to subpoena all of these additional Banks and if Bill Huang adds anyone else to that subpoena as well. and if he does subpoena those Banks and obtain those documents exactly what those documents might reveal I guess Bill Pang wants to subpoena these Banks Because He believes that he's innocent. He believes these total Returns What positions were only illegal because these Banks made it so.

maybe they even encouraged him to take out a legal swap positions saying that it'd be all right and effectively that they'd all work together. An interestingly, Misha has also tweeted saying that Credit Suisse actually made some really dumb moves before their collapse. This is an extract from a Financial Times article that says Credit Suisse Shortcomings identified by three supervisors and those include: did extending half of the bank's Equity twice single counterparty. Now that alone is absolutely crazy.

If Credit Suisse had 200 or 400 billion dollars in equity before that massive deposit withdrawal spiral, can you imagine them lending a hundred or two hundred billion dollars to one individual entity? I Can only think of a few hedge funds large enough to borrow a hundred or two hundred billion dollars. We know that Citadel does borrow this much, but we know that Citadel borrows the majority of their margin from Bank of America. But I wonder if Bank of America are taking on the exact same risks that Credit Suisse took on as well. These supervisors also identified there was no oversight board level.

Despite the huge size of this climb position and the associated risks, there was also a lack of experience, staff with sufficient stature, and those employees ignored repeated breaches of risk limits and acted in favor of their client instead of their own firm. And Credit Suisse even repaid 2.4 4 billion dollars to Arcados just two weeks before it collapsed. So Credit Suisse was literally handing over additional margin to Arcados until the very bitter end. It wouldn't surprise me if Bank of America is still topping up Citadel with their additional margin and will continue to do so until the very last day.

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But on top of that, MooMoo is also very easy to use. They've got tons of technical indicators and even have their own options trading platform. Now while Bill Huang isn't scared of Citadel or any of those big dogs, Jon Stewart has pointed out somebody that is in fact scared of Citadel and that somebody is the SEC Finra and even the entire government. In best that I've tweeted saying Jon Stewart highlights the fear that the SEC Finra and the rest of the government have towards Citadel.

while the Apes show no fear and continue to expose the company's fraudulent activities, Here's the thing that I like about the Ape movement. They're not afraid of any of these guys like everybody's afraid of Citadel Everybody's afraid of Goldman Sachs Everybody's afraid of the big Banks Finn was afraid of them. The SEC is afraid of them. They won't even go after them like nobody will go after this inherent corruption that is a Wall Street model.

and I think the issue that I have is that whatever the Apes intention was, or whatever the foolhardy nature of their investment strategy is absolutely not the point. The point is, they expose the system that is supposedly the heart and soul of the American free market system. It appears to be anything but that. So you can see.

as Jones pointed out, pretty much everyone is afraid of Citadel afraid of Goldman Sachs and afraid of all of the big Banks. That's why the SEC and Finra just issue small speed bump fines not just a citadel, but to Goldman Sachs and all of these major Banks as well. But as I said, somebody that isn't afraid of Goldman Sachs Somebody that isn't afraid of these major Banks and somebody that isn't afraid of Citadel is indeed. But Wang Obviously, Bill does not want to face prison time and therefore I'm sure he's ready to snitch on anyone and everyone that he needs to.

As I said, I'm just waiting until Citadel gets dragged into this lawsuit as well and to see what manner of things end up being exposed because I'm sure if Bill Huang is allowed to subpoena information from these major Banks, he's going to produce tons and tons of documentation and interest. Personally, somebody that is lending out their AMC shares is indeed Vanguard Samuel Clemens Tweet is saying Vanguard is six out of six so far, blending out 99 of their AMC shares held within their funds. and their EDS you can see Vanguard in total has 55.7 million shares of AMC and is currently lending out 55.2 million shares. This is obviously how those shorts have been getting those shares.

But Continuing to lend out Oh shares to other individual hedge funds back and forward so they can keep re-hypothecating and keep creating additional synthetic shorts. they just need access to some of these shares from Vanguard to locate those shares and sell them into the market and then locate those sales and short those and then locate those shorts and short the shorts and short those shorts over and over and over again. Obviously, it is indeed absolutely corrupt what Citadel and other market makers are doing in the market with their so-called Market maker exemption. But obviously, as I've said, somebody that's not afraid to expose exactly what's going on is Bill Wang.

But interestingly, some other corruption we have in the financial Market is what's currently going on with Sam Bankman freed what Jiguri tweet is saying Sam Bankman Free Donate rated 93 million dollars in stolen customer funds to U.S politicians and today the US government dropped a political campaign Finance criminal charge against Sam Batman Freed This letter says the government respectfully submits this letter to provide the court with an update regarding count A of the original indictment which corresponds to count 12 of the S5 superseding indictment and both of those charged the defendant with conspiracy to make unlawful campaign contributions and accordingly, in keeping with its treaty obligation to the Bahamas the government does not intend to proceed to trial on the campaign contributions count and as Autism Capital tweeted, he said: Sam Bankman freed of FTX having a federal campaign contribution charge dropped by the Department of Justice because it would incriminate too many of their preferred politicians going into the 2024 election is pretty insane because ultimately, that is why the government is dropping this charge against Sam Bateman Freed because obviously so many of those donations were received by the preferred politicians. Obviously, these politicians don't want to give up those campaign contributions and they also don't want that information being informed or being displayed to the public. And they said Sam really was on the road to being too big to fail or too big to go to jail. So even though Citadel May indeed also be too big to fail I Don't think it will be long until Bill Huang drags them into this lawsuit either.

All charges against Bill Huang will end up being dropped as well or end up being seen through into the courts and everything. Citadel and these major Banks do will end up being exposed. But guys, be sure to let me know what you think down in the comments below. And as always, guys, be sure to ding that notification Bell because that way you'll be alerted when upload a new video.

Cheers!.