As we learned from theFTX collapse, the best occupation for prestige and status is actually being a professor. You make good money, can buy a $16 million vacation property int he Bahamas, and people revere your wisdom. Disadvantages of Attending A Top Private University 1) Being a small fis...
“Like other Regulatory Health Agencies in the world, the Ministry of Health in Israeli is actively hiding critical information about the side effects of the vaccine from the Israeli public. Moreover, the Ministry did not monitor these side effects in a very appropriate way; considering they had...
SVB’s collapse shouldn’t necessarily have had any real implications for other banks, since its problems—an undiversified customer base, a huge percentage of its deposits uninsured, and a heavy reliance on corporate/VC customers (who are more likely to switch banks)—were mostly idiosyncratic. ...
2. Bitcoin added to a stock portfolio is a diversifier. Portfolio diversification is a free lunch. Bonds have historically been a good addition to stocks, but now with global debt-to-GDPs so high, bonds will have to lose value in real terms for governments to not collapse. I would argue...
a buyer in its final hours. “We spent over four months exhausting all viable strategic options,” Lewis, the CEO, wrote in his memo to employees. “M&A activity has shrunk substantially and most … logical strategic acquirers of Convoy are also suffering from the freight marke...
s stock price averaged approximately $53.78 per share during the time of Pai’s sales, but closed at $0.40 on December 3, 2001 – the day after Enron filed for Chapter 11 bankruptcy protection. By selling his shares in May and J...
d with customer funds. Bankman-Fried claims that he did not know that Alameda owed$8 billionto FTX. He also contends that he was not making fraudulent statements when he or FTX offered various assurances that customer funds were protected, and that FTX was “fine” up to its collapse....
When we finally received the appointment calendar, there were redactions of 84 meetings that occurred between January 1, 2007 and the pivotal collapse of Bear Stearns on the weekend of March 15-16, 2008. Bernanke’s calendar for March 7, 2008 shows a full day of appointments blacked out. ...
Futures Exchange, or FTX, is considered one of the biggest crypto exchange fails ever seen in the crypto space. FTX’s collapse was so far-reaching it dropped the demand for cryptocurrencies.But who was behind the downfall of this once promising project, and how did things get so bad that ...
SFB has pleaded not guilty to seven counts of fraud and conspiracy in connection with the collapse of FTX — a seismic event from which the entire crypto industry is still reeling. SBF has maintained his innocence since his arrest last December and has sought to shift blame toward oth...