BOJ Is Considering Lifting Negative Rate in January, All Nippon Asset Says
BloombergDEC 2023
FTX Will Repay Billions, Won't Revive Company
Image copyright: Michael M. Santiago/Staff/Getty Images News via Getty Images
The Spin
Pro-establishment narrative
This announcement is a win for the victims of the FTX scam. The law clearly states that debtors must receive compensation based on the date of bankruptcy. The government has convicted these fraudsters and forced them to find the money to repay their customers. Plus, Bankman-Fried will probably wind up behind bars.
Establishment-critical narrative
The potential for victims to recoup some funds shouldn't overshadow that Alameda Research was also linked to multiple sketchy banks whose business dealings seem to have been conveniently overlooked by regulators. There must be as much scrutiny of the corporate-government cooperation in this case as there has been of Bankman-Fried.