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FTX ended up paying back all of its customers and many of its creditors. Truth is you don’t know how any particular process is going to play out until it happen
by doctorpangloss 1y ago
FTX ended up paying back all of its customers and many of its creditors. Truth is you don’t know how any particular process is going to play out until it happens. Do you have any idea for an alternative to process?
- Bratmon 1y ago> Do you have any idea for an alternative to process? Any bank that asks for a federal bailout should get immediately nationalized no questions asked. If you're too big to fail, you're too big to be run by executives with golden parachutes.
- lesuorac 1y agoDidn't you both just describe a different process? FTX used their investments and depositor's holdings to pay customers and creditors (a very arguably discounted rate). OP describe the USG paying back customers and creditors.
- deleted 1y ago[deleted]