141–150 of 437 posts
Earlier quoted context omitted.
Maybe I'm misunderstanding your Google Images reference, but the content of the discussions on Reddit since this all kicked off have followed enough of a theme that I can take a guess at what some of those people have photoshopped up for the web masses. Probably easier to ask outright, why shouldn't I do a Google Images search for Caroline Ellison?
Because those pictures can produce some darn explosive puking.
> Most news accounts seem to portray the scale of the bankruptcy as relatively small. This is a key point. They lost $16B in customer deposits. LTCM lost $4.6B in investor funds. Enron lost $11B in shareholder capital. Interestingly, while Madoff is widely quoted as having lost $65B, that was almost all fabricated paper wealth, actual losses were around $18B and $14.4B of that was recovered and returned. All of these…
LTCM shouldn't be in that list because that wasn't fraud. That hedge fund had a flawed math model of volatility of their holdings when a cascade of events got triggered by Russia defaulting on their bonds. LTCM losses were magnified by their over leveraged positions.
A bunch of PhD traders lost their wealth and got their reputations tarnished but it wasn't criminal activity.
Earlier quoted context omitted.
Alameda was a hedge fund. It could lose all of its money and it would be totally fine. The moment they touched customer funds it became fraud and theft. This was not accidental. Losing it in trading might have been, but it was trading with stolen funds.
I agree with that. I don't think this was malice though - just extreme stupidity (and hopefully criminal). I think they thought they could trade their way out of it. That's different to malice which goes to motivations.
Before or after they were bribing politicians for favourable regulation for FTX at the detriment of their competitors who were not fraudulent? https://prospect.org/power/sam-bankman-frieds-multimillion-d... > Crypto’s supporters in Congress are determined to ignore the massive gap in capacity between the two agencies; in fact, they likely understand that its incapacity is part of its appeal to FTX. A bill proposed by…
This is regulatory capture. If you think it's bad for crypto, wait till you see how bad it is for the agencies that approve our drugs.
Earlier quoted context omitted.
The Ontario Teachers' investment is outrageous. They are charging middle-class people (by definition) good money from their retirement savings to make reasonable investing decisions and do due diligence.
OTPP has quite a solid reputation and this particular investment was a miniscule speculative bet. You can see the performance over time here [1]. [1] https://www.otpp.com/en-ca/investments/our-advantage/our-per...
> Most news accounts seem to portray the scale of the bankruptcy as relatively small. This is a key point. They lost $16B in customer deposits. LTCM lost $4.6B in investor funds. Enron lost $11B in shareholder capital. Interestingly, while Madoff is widely quoted as having lost $65B, that was almost all fabricated paper wealth, actual losses were around $18B and $14.4B of that was recovered and returned. All of these…
At correct time: https://youtu.be/2ozjiX1E7ZA?t=25
Renaissance Technologies hires less than a dozen new employees per year...
> Most news accounts seem to portray the scale of the bankruptcy as relatively small. This is a key point. They lost $16B in customer deposits. LTCM lost $4.6B in investor funds. Enron lost $11B in shareholder capital. Interestingly, while Madoff is widely quoted as having lost $65B, that was almost all fabricated paper wealth, actual losses were around $18B and $14.4B of that was recovered and returned. All of these…
> FTX may be one of, if not the, biggest financial frauds/scandals in history. The media doesn't seem to be treating it as such. Most of that wealth was manufactured in the crypto bubble, not actual money people worked for and put into crypto, just early stage ponzi investors that kept rolling their investment. The wealth, while apparently substantial, was never actually there, I think most understand that the mirage…