351–360 of 1001 posts
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Other than resigning, what more responsibility can someone take for a professional failure?
Stealing billions of dollars while working doesn't make it a professional failure, it's still stealing.
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Here's another guy that was vouching for SBF to get in on the Twitter deal for $5b. Michael Grimes [IBanker at Morgan Stanley]: Do you have 5 minutes to connect on possible meeting tomorrow I believe you will want to take? Elon: Will call in about half an hour Michael: Sam Bankman Fried is why I'm calling https://twitter.com/sbf_ftx/status/1514588820641128452 https://www.vox.com/platform/amp/recode/2021/3/20/22335209…
Interesting, the banker thinks "Major Democratic donor" is a positive selling point for Musk. I thought he is red.
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Here's another guy that was vouching for SBF to get in on the Twitter deal for $5b. Michael Grimes [IBanker at Morgan Stanley]: Do you have 5 minutes to connect on possible meeting tomorrow I believe you will want to take? Elon: Will call in about half an hour Michael: Sam Bankman Fried is why I'm calling https://twitter.com/sbf_ftx/status/1514588820641128452 https://www.vox.com/platform/amp/recode/2021/3/20/22335209…
Interesting, the banker thinks "Major Democratic donor" is a positive selling point for Musk. I thought he is red.
Dumb question, but what happens to stuff like Miami Heat’s FTX Arena etc in situations like this? Should we expect a name change for the arena at some point soon?
I also think this is an interesting question. Coming from a lay person I'd imagine it would remain with that name until the contract is up for renewal. Depending on how the naming deal was structured, the money to do the deal would probably have come from FTX' marketing budget in a lump sum up front (presumably) for a fixed number of years. When that's done, the arena will find another source of funds and give the ri…
In a way it would be another asset for the bankruptcy liquidator to disperse.
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He was running a Ponzi scheme. Don't feel sorry for him.
To be fair to the guy, he wasn’t afraid to admit it in some very public interviews. But yeah, don’t feel sorry.
I don't think brazen criminals should get a different perspective than sneaky ones; perhaps a worse characterization because they either don't recognize what they're doing is wrong, or they simply hold society in contempt.
Dumb question, but what happens to stuff like Miami Heat’s FTX Arena etc in situations like this? Should we expect a name change for the arena at some point soon?
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It's almost as if he's doing things that have real consequences for the world we live in!
Suddenly in the past two years, it has magically transformed into a national security risk with global consequences.
Which is it? if the former, then they should be able to do what they want, including ban whom they want. If the latter, it needs to be regulated and certain rights ought to be enumerated for its users.
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I think it really depends to be honest. I don't think what you are saying is generally true of people at prop trading firms, the ones that I know were generally very into math/physics and got lured by the high pay. With prop firms, there is little need to schmooze the rich with fancy degrees
This point is invalidated by looking at the schools their employees went to.
The presence of people with fancy degrees might be expected for the more mundane reason that those people do tend to be more competent on average.
Dumb question, but what happens to stuff like Miami Heat’s FTX Arena etc in situations like this? Should we expect a name change for the arena at some point soon?
I also think this is an interesting question. Coming from a lay person I'd imagine it would remain with that name until the contract is up for renewal. Depending on how the naming deal was structured, the money to do the deal would probably have come from FTX' marketing budget in a lump sum up front (presumably) for a fixed number of years. When that's done, the arena will find another source of funds and give the ri…
I'm one of customers that have money on FTX international which I cannot withdraw. (yup i know. bad decisions etc, but i knew the risk). Do you guys know, what will happen with the funds? Will I as a customer get any of my money back? (do you know if I'm a secured creditor?)