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(Marketwatch)   FTX announces they still have a few billion dollars to burn through   (marketwatch.com) divider line
    More: Interesting, Crypto billionaire Sam Bankman-Fried, Revolving credit, crypto prices crash, Credit, chief executive, FTXUS, Last week, crypto lender  
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545 clicks; posted to Business » on 06 Jul 2022 at 9:56 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-07-06 10:30:20 PM  
preview.redd.itView Full Size
 
2022-07-06 11:17:54 PM  
Sam Bankman-Fried might transform into Sam UnBankman-Tried.
 
2022-07-07 12:34:47 AM  
That's nice of them to spend billions to prop up fellow investors. I'm sure none of them want to help maintain the value of anything while they liquidate their holdings. I think I'll pick up a coin or two as a long term investment. You know what, I'm a crafty consumer, I'll take eight.
 
2022-07-07 1:54:27 AM  
Aaaaaand ... it's gone.
 
2022-07-07 8:30:20 AM  
You know they're legit because they paid to advertise on MLB umpires!
 
2022-07-07 9:22:25 AM  
It's been 14 years, so I don't quite remember the conversation, but this reminds me of being in the mortgage industry in 2008 and hearing in our daily briefing that Goldman was going to be okay because they'd just gotten backing.
 
2022-07-07 9:46:04 AM  

DanInKansas: It's been 14 years, so I don't quite remember the conversation, but this reminds me of being in the mortgage industry in 2008 and hearing in our daily briefing that Goldman was going to be okay because they'd just gotten backing.


???

Goldman did pretty ok in 2008 - they largely sold their MBS portfolio before the crash.  Did you mean Lehman or Bear Stearns?
 
2022-07-08 8:57:06 AM  

OptionC: DanInKansas: It's been 14 years, so I don't quite remember the conversation, but this reminds me of being in the mortgage industry in 2008 and hearing in our daily briefing that Goldman was going to be okay because they'd just gotten backing.

???

Goldman did pretty ok in 2008 - they largely sold their MBS portfolio before the crash.  Did you mean Lehman or Bear Stearns?


Yeah probably Lehman. Like I said, it's been a bit. I was with a mortgage outfit that had just expanded into KC, and for six months it was a gravy train. And then.....

What I remember most in the room was the feeling of relief that at last rock bottom had been hit and things were on their way back. (Morgan Freeman: "But they were not.")

I am betting some of the crypto bros are feeling that same way today.
 
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