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{{disaster roll|FTX}} }}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. | ||
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*[[Crypto asset]] | *[[Crypto asset]] | ||
*[[The dog in the night-time]] | *[[The dog in the night-time]] | ||
[[Category:Disaster Café]] |