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Best Of: Michael Lewis Runs Toward Pleasure

The Next Big Idea

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The Collapse of FTX: Misinformation and Morality

This chapter explores the fallout from the FTX collapse, focusing on how panic and misinformation devalued customer claims amidst the crisis. It raises critical questions about the motivations of bankruptcy professionals and the societal implications of punishment related to fraud. The poignant personal anecdotes reflect on empathy and the emotional complexity of loss in the wake of financial disaster.

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