SPACs collapse as $11B of deals are called off within an hour

Post by themitigating » Tue, Dec 06, 2022, 6:00 AM UTC

fshbbdssbbgdd wrote: post #78

themitigating wrote: post #77

Earlier quoted context omitted.

"managerial and legal class" implying people of certain professions are involved in a conspiracy is extremely paranoid.

I don’t mean to imply that any set of people is inherently “in on” such a conspiracy. I imagine it would evolve organically and every individual case would be different. Lawyers get paid to advise people how to avoid legal liability. Managers get paid to handle problems, and sometimes to recognize which problems the people one level up would rather not know the details of. I don’t think it’s off base to say that mana…

Post by tjr225 » Tue, Dec 06, 2022, 6:15 AM UTC

dang wrote: post #23

TylerE wrote: post #3

Good. Never should have been allowed in the first place.

Maybe so, but please don't post unsubstantive comments to Hacker News.

Post by Mistletoe » Tue, Dec 06, 2022, 6:23 AM UTC

Post by joshu » Tue, Dec 06, 2022, 6:36 AM UTC

Kon-Peki wrote: post #88

fshbbdssbbgdd wrote: post #73

Earlier quoted context omitted.

Not the parent, I can’t speak for them. But sometimes I have a paranoid notion that the managerial and legal class have constructed systems where they contain some liability into a black box, then hire someone unknowing to live in the box. The people outside the box are just designing the process and “relying” on the box to behave as expected. The people inside the box don’t know about the context and therefore don’t…

sheesh. I'm talking about us paying for a file delivery service because we want to make a report about something like total number of dividends announced last week or something like that. You'd be able to do that with a daily corporate action file from about 25 different vendors. But a corporate action file contains a lot more than dividend announcements! The vendor says that for records of type A, characters 12-17 r…

Post by fshbbdssbbgdd » Tue, Dec 06, 2022, 7:12 AM UTC

Kon-Peki wrote: post #88

fshbbdssbbgdd wrote: post #73

Earlier quoted context omitted.

Not the parent, I can’t speak for them. But sometimes I have a paranoid notion that the managerial and legal class have constructed systems where they contain some liability into a black box, then hire someone unknowing to live in the box. The people outside the box are just designing the process and “relying” on the box to behave as expected. The people inside the box don’t know about the context and therefore don’t…

sheesh. I'm talking about us paying for a file delivery service because we want to make a report about something like total number of dividends announced last week or something like that. You'd be able to do that with a daily corporate action file from about 25 different vendors. But a corporate action file contains a lot more than dividend announcements! The vendor says that for records of type A, characters 12-17 r…