Bill Hwang's Archegos Arrest Tees Up Wall Street Crackdown

The video discusses the investigation into Bill Wong, highlighting the charges against him and the broader regulatory scrutiny on Wall Street. It explores the Biden administration's focus on tackling white collar crime and the concept of rulemaking by enforcement, where regulators define rules through enforcement actions. The video emphasizes the increased attention on financial practices that were previously overlooked.

What types of charges were brought against Bill Wong, and what could be the potential consequences?

In what ways are current investigations into Wall Street described as more holistic compared to the past?