Thought for the day

"The first panacea of a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permeant ruin. But both are the refuge of political and economic opportunists." -- Ernest Hemingway

An investor in the imploding cryptocurrency exchange FTX filed what could become a class-action lawsuit against the company, and the lawsuit names some of the cryptocurrency exchange’s celebrity backers, including football player Tom Brady, Brazilian supermodel Gissele Bundchen, basketball player Steph Curry and “Shark Tank” host Kevin O’Leary.

A few days ago we asked how much longer do we have to wait for the "first-day affidavit" in the FTX bankruptcy, traditionally the most detailed and comprehensive summary of how any given company collapsed into Chapter 11 (and in FTX's case, Chapter 7 soon, as this will soon become a full-blown liquidation)...