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The Biggest Fraud in History | Antonio Reza
The James Altucher Show
What's Unregulated?
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When you start talking into more deregulated space, just like Enron, and now probably on this crypto space, it's a lot harder to know what's going on. First off, if it's not regulated, there aren't laws. We see this with Lehman Brothers and the whole financial crisis. It's unclear what happens if you mark credit default swaps on collateralized futures of collateralized mortgage obligations. There were no laws for these things. No one knew how to value these things. And then even though FTX was unregulated, they're outside the US. So, Bahamas law, like it's un you know, it's going to be an interesting court trial when that does
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