Against the Rules with Michael Lewis cover image

Against the Rules with Michael Lewis

Judging Sam: Judging the FTX Bankruptcy

Mar 27, 2024
Jonathan Lipson, a professor at Temple Law School, discusses the flaws in the US bankruptcy system highlighted by the FTX bankruptcy proceedings. The podcast dives into conflicts of interest, unique aspects of the case, consequences of reorganization, legal challenges, and the importance of investigative curiosity. It raises questions about fairness, transparency, and ethics in bankruptcy cases.
43:17

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Transparency and ethical concerns in FTX bankruptcy highlight the importance of fair creditor treatment.
  • The role of an examiner like Bob Cleary is crucial for independent oversight in complex bankruptcies.

Deep dives

The Importance of Proper Bankruptcy Handling in the FTX Case

The FTX bankruptcy case with founder Sam Bankman Free facing fraud and conspiracy charges has highlighted potential mishandling of the bankruptcy process. Bankruptcy expert Jonathan Lipson emphasizes the significance of bankruptcy procedures ensuring fair treatment for creditors and investors. The lack of transparency and potential conflicts of interest are key concerns in handling bankruptcies properly for the benefit of all involved parties.

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