The idea was if terra, the stable oin, droped below a dollar, that arbitrasers would come in and they'd buy terra. The problem was that as people started to worry, they were issued huge amounts of luna,. And even though these giant piles of luna were, in theory, worth the dollar, the selling of the luna pushed on the price of luna. By the end of the week, there were like trillions of lunas out there, and basically you couldn't sell luna any more.
Dr. Andy Pekosz, Professor of Molecular Microbiology and Immunology at the Johns Hopkins Bloomberg School of Public Health, discusses the surge of Covid cases across the country. Bloomberg Intelligence ESG Analyst Shaheen Contractor explains why Tesla was expelled from the ESG version of the S&P 500 Index, sparking a debate about which companies do — and don’t — pass muster with socially aware investors. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Financial Investigations Reporter Zeke Faux talk about Zeke's Businessweek Magazine story A $60 Billion Crypto Collapse Reveals a New Kind of Bank Run. And we Drive to the Close with Morgan Stanley Managing Director Kathy Entwistle.Hosts: Tim Stenovec and Katie Greifeld. Producer: Paul Brennan.
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