FTX: Difference between revisions

2 bytes added ,  20 November 2022
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{{a|myth|}}Dumpster fire. Ongoing.
{{a|crypto|}}Dumpster fire. Ongoing.


The character of the FTX collapse illustrates this well. All familiar, predictable, “trad economy” incompetence. Before worrying about US regulatory overreach, first deal with basic structural banking issues: term mismatch, credit risk, leverage, fraud. This is 101 stuff.
The character of the FTX collapse illustrates this well. All familiar, predictable, “trad economy” incompetence. Before worrying about US regulatory overreach, first deal with basic structural banking issues: term mismatch, credit risk, leverage, fraud. This is 101 stuff.