The great financial titans of Wall Street had convinced themselves that Lukas Martin's dominance was temporary—a product of youth, luck, and timing. But Lukas wasn't just playing the money game; he was rewriting its rules. And when the banks tried to corner him, he pulled a move so devastatingly clever it would be studied in finance for decades.
It began subtly. Lukas quietly built enormous positions in U.S. Treasury bonds—securities so safe and liquid that the banks hardly noticed. But unlike them, he wasn't buying to hold. He was leveraging the oldest trick in high finance: the repo market.
Night after night, he lent those bonds back to the banks in exchange for cash, then used the cash to buy even more Treasuries. It was a recursive cycle, invisible in plain sight. By the time the banks realised, Lukas had created a private liquidity machine bigger than some central banks. He controlled the oxygen that kept Wall Street breathing.
Then came the rug pull.
