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It's known as one of the most spectacular collapses in modern financial history.
So it's March 2021.
It's in the middle of the Covid pandemic.
And major stocks in seemingly unrelated companies are dropping precipitously and for no apparent reason.
BFT's legal correspondent Joe Miller says this all begins with the media company ViacomCBS.
And no one watching the market and seeing these really sharp moves understands why it's happening.
It's all a great mystery.
And then, like dominoes, more firms shares start tanking.
Companies like Discovery, Tencent and Baidu.
Tens of billions of dollars worth of market value is being wiped off these companies.
And there didn't seem to be any unifying theory as to why these stocks would all be cratering at the same time.
And it's not just publicly traded companies.
Within weeks, major investment banks around the world are also thrown into crisis mode.