Weekly Roundup 06/24/22 (FTX steps in, 3AC postmortem, fraying DeFi governance) (EP.328)
On The Brink with Castle Island
Is a Public Sector Bail Out Bad?
This is exactly the process of capitalism, consolidation, a, ou know, aggressive action during times of distress. That's capitalism. People forget this. They are not just bad because the word bail out is evil or something. These are private market transactions between private entities with no influence really on a society more broadly. It's just smart business,. It's capitalism, right? This is exactly what total whirped ov is all about. I mean, if you're in exchange and or you're sitting on any sort of balance y rat now now's the time to go w on a buying spree.
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