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> They got rid of their long dated papers [0]. Which they would have had to take a loss on, so where is that loss? See what I mean? Either they're the world's

> They got rid of their long dated papers [0]. Which they would have had to take a loss on, so where is that loss? See what I mean? Either they're the world's greatest traders, or something doesn't add up. And it's not like they have a sterling reputation for honesty. Again, this would be very easy for them to clear up, by just hiring an auditor. Not that big an ask for 1/10th of a trillion dollars under management.

latchkey 3y ago
¯\_(ツ)_/¯ businesses have losses and gains. Agreed that they could and should be more transparent. Disagree that they should just go out of business or that they are horrible people just because they exist and don't play the game the way you want it played.
- deleted 3y ago
  [deleted]
- FireBeyond 3y ago
  > they are horrible people just because they exist and don't play the game the way you want it played Multiple people involved have lied multiple times, materially, about their business operations. Not just "lack of candor" or transparency, but active deception. Reducing that to "don't play the game the way you want it played" is facile.
  - latchkey 3y ago
    With that logic, JP Morgan should have gone out of business long ago, or at least broken up significantly. I don't hear you screaming their name. https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-...
    - FireBeyond 3y ago
      > I don’t hear you screaming their name. Maybe pump the brakes on the martyrdom. I’d like nothing more than to see Jamie Dimon face consequences for some of the things he and his organization have been a part of. Whataboutism isn’t an intellectually honest argument.
      - latchkey 3y ago
        I'm tired of people claiming that. Pointing out that tradfi is full of issues (if not worse than crypto), is absolutely relevant here. Fix your own broken windows while the rest of us advocate for something better.
        FireBeyond 3y ago
        > advocate for something better. Advocate away. Wanting something better doesn't mean you get to do all sorts of stupid shit and not get called on it. It doesn't immunize against criticism. And it's entirely debatable and subjective that the world of Tether and Bitfinex are "something better", so please don't act like that's unadulterated facts.

latchkey 3y ago

¯\_(ツ)_/¯ businesses have losses and gains. Agreed that they could and should be more transparent. Disagree that they should just go out of business or that they are horrible people just because they exist and don't play the game the way you want it played.

deleted 3y ago
[deleted]
FireBeyond 3y ago
> they are horrible people just because they exist and don't play the game the way you want it played Multiple people involved have lied multiple times, materially, about their business operations. Not just "lack of candor" or transparency, but active deception. Reducing that to "don't play the game the way you want it played" is facile.
- latchkey 3y ago
  With that logic, JP Morgan should have gone out of business long ago, or at least broken up significantly. I don't hear you screaming their name. https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-...
  - FireBeyond 3y ago
    > I don’t hear you screaming their name. Maybe pump the brakes on the martyrdom. I’d like nothing more than to see Jamie Dimon face consequences for some of the things he and his organization have been a part of. Whataboutism isn’t an intellectually honest argument.
    - latchkey 3y ago
      I'm tired of people claiming that. Pointing out that tradfi is full of issues (if not worse than crypto), is absolutely relevant here. Fix your own broken windows while the rest of us advocate for something better.
      - FireBeyond 3y ago
        > advocate for something better. Advocate away. Wanting something better doesn't mean you get to do all sorts of stupid shit and not get called on it. It doesn't immunize against criticism. And it's entirely debatable and subjective that the world of Tether and Bitfinex are "something better", so please don't act like that's unadulterated facts.