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If you lend money to someone, especially someone on the brink of insolvency, then you are buying whatever they are. Of course, Citadel can be on both or any num
by briankelly 6y ago
If you lend money to someone, especially someone on the brink of insolvency, then you are buying whatever they are. Of course, Citadel can be on both or any number sides but they still take on exposure in that direction.
- whimsicalism 6y agoYou're missing that they lent the money specifically so they were no longer exposed to the short position.
- briankelly 6y agoYeah this is the central argument and I don't think we have a clear answer yet.