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Lehman was a legit business that got caught with some risky bets and, for various reasons, it was decided to let it go down. That may be analogous to the situat
by smsm42 4y ago
Lehman was a legit business that got caught with some risky bets and, for various reasons, it was decided to let it go down. That may be analogous to the situation with Alameda (minus the drugs) - but FTX is more like a cross between Madoff (affinity fraud) and degenerate gambling.