The chief regulatory officer of FTX had previously worked at a, essentially, a poker website where people were given god mode so they could see other players' cards. And I think you need to trust leadership broadly. With related parties and the ability to deal with entities, it makes it so much easier to commit fraud. At core, there's nothing bad about being a crypto exchange. It's just they decided to do so many other things that were nefarious, seemingly nefarious.
The Dow closes out a strong (relative to other indices) month, and we take a closer look at the collapse of FTX.
(0:21) Jim Gillies discusses: - Why the Dow Jones Industrial Average is "the dumbest index" - Where investors can find ballast for their portfolios
(15:12) What actually happened with the collapse of FTX? Dylan Lewis and Ricky Mulvey take a closer look at that, as well as some key takeaways for investors.
Stocks mentioned: SHOP, AAPL, KO, MSFT, COIN, HOOD, MSTR
Host: Chris Hill Guests: Jim Gillies, Dylan Lewis Producer: Ricky Mulvey Engineer: Dan Boyd
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