Banks and hedge funds caught short yet again

The greed-is-good boys are still at it having learned zero from the 2008 crash. Global banks may face losses of $6 billion from the collapse of Archegos Capital, a little known firm that was using tons of borrowed money to make outsized bets that propped up media stocks. Its failure created shockwaves large enough to ripple across Wall Street — and impact everyday Americans’ retirement accounts.   “It’s a wake-up call. With leverage, comes risk,” said Art