
Ep. 2244 The FTX Fiasco
The Tom Woods Show
00:00
FTX Bankruptcy - What Were the Warning Signs?
I think there were warning signs in certain aspects that it didn't fully unwind. I would say maybe someone like Kevin, maybe he shouldn't have been expected to sort of understand the nuance and the detail in this world. It's kind of a bit opaque in certain aspects. But what happened is people went out further and further taking more risk because they wanted more yields. And so fundamentally, a lot of people just were not recognizing the nature of this space.
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