LTCM: When Two Nobel Winners Nearly Broke Finance
6m | Jun 27, 2026Two Nobel Prize winners. A team of the most
mathematically gifted traders in the world. A model
that was supposed to be infallible. And leverage
ratios so extreme that when Russia defaulted on its
debt in 1998, the entire global financial system
came within days of seizing up.
This episode of Dark Money: True Crime Finance goes
inside Long-Term Capital Management — how a hedge
fund built on genius and certainty accumulated one
hundred and twenty-five billion dollars in exposure,
how the Federal Reserve organised a private sector
bailout in a single weekend, and what happens when
the smartest people in the room are wrong all at once.
Subscribe to Dark Money: True Crime Finance for new
episodes daily

Dark Money: True Crime Finance
Loading...