Category: finance

  • Sam Bankman-Fried – The FTX/Alameda Research Collapse

    Sam Bankman-Fried – The FTX/Alameda Research Collapse

    I have been keeping up with the latest crypto crash of 2022. Hot off the heels of The Terra Luna collapse of earlier this year, which, in turn, caused the collapse of Celsius, Voyager, and others, the FTX collapse has impacted BlockFi (which also filed for bankruptcy protection), and could cause Gemini to collapse as […]

  • CEO Pay: There Is Something Wrong with This

    Sarah Jaffe reports on the current disparity between the pay of the CEOs and the pay of their workers. It’s unconscionable but corporate America won’t let anyone do anything about it. The way the system works is rigged in favor for large corporate entities. They are running things, and corporations are psychopaths. In fact, since […]

  • Color App: Doomed to Failure While Costing Millions

    Nice write-up in the NYT about the Color App that’s being doing badly it seems. They raised 41 million in VC capital before releasing their app, which failed miserably. It’s a stark contrast to Instagram, which started with a few employees and $500,000.

  • Mark Singer on Trump

    Marc Singer has a good article about Trump in the New Yorker. Ever since I became aware of his bubbling birtherism, he’s totally lost any respect that I had for him.

  • Greek Financial Crisis

    Great article over at Vanity Fair about the Greek financial crisis. They need the IMF to step in and clean up the country. Then again, it’s the responsibility of Greece, not the EU to clean up this mess. The whole debacle about bribes and not paying taxes is something that can also be seen in […]

  • The International’s Corrupt Bank

    I watched Tom Tykwer’s The International again with my wife. It was a great movie with excellent cinematography. I had forgotten how great the shots were in this movie. I remembered that it was based upon a real bank. Here you can find the real story behind this unscrupulous bank.

  • Fall of the Euro?

    n+1 has got a great article on the Euro and the Eurozones.

  • The Donut Party @ n+1

    As you might have heard, n+1 is now offering their complete articles on their website. It’s easy to get overwhelmed with these pieces, as they require your undivided attention while you read them. I’ve had this one in my feed reader for about a day and finally had the time to read it in its […]

  • Europe’s Web of Debt

    Holy canoli, it’s looking bad in the EU for now, at least economically.

  • SEC Is Charging Goldman Sachs With Fraud

    Wow, never thought I’d see the day that the SEC would charge the great vampire squid with fraud. Will it be successful? I don’t know, Goldman Sachs is pretty powerful and I wonder how much the US wants them guilty. It will probably be plea-bargained out. What a shame. Goldman Sachs stock is already down […]