Crypto Bubbles Make The Case For Glass-Steagall
This is the story of two Ponzi schemes, of three entities called FTX, FFT and Alameda, and of earthquake precursors. To begin with the latter, in physics, earthquake precursors are mostly little shocks preceding the big one. In finance, a “peripheral” event precedes a systemic crisis. The bankruptcy of the cryptocurrency exchange FTX, officially filed on Nov. 11, can be […]
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