11 ms·
> FTX/Alameda is more Enron than LTCM. FTX makes even Enron look like saints. FTX took money that wasn’t theirs and spent it. Theft on a massive scale. There’s
by zarzavat 4y ago
> FTX/Alameda is more Enron than LTCM.
FTX makes even Enron look like saints. FTX took money that wasn’t theirs and spent it. Theft on a massive scale. There’s not even a veneer of legality or deniability.
- rsj_hn 4y agocounterpoint: FTX only robbed people doing business with FTX. Enron robbed all of California. Tens of millions of households had to pay sky high electricity bills because of Enron manipulating the electricity market in California. The damage was about $40-50 Billion dollars. FTX owes less than a tenth of that.