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Yes, they are. I am just a 401K investor, and when I learned about SPACs, I went "wait WHAT?". You do not need to be an investment prodigy to know how this was
by renegade-otter 3y ago
Yes, they are. I am just a 401K investor, and when I learned about SPACs, I went "wait WHAT?".
You do not need to be an investment prodigy to know how this was going to go - a tsunami of fraud, a few walk away with riches and the investors get screwed. The people who bought SPAC de-regulation knew what they were doing, and the corrupt revolving door that is the SEC was in on it.