FTX is pressing the bankruptcy judge to let FTX and its creditors committee- NOT an independent examiner - investigate to find out who and what are behind FTX's spectacular failure. Sounds familiar...(See Purdue Pharma e.g.)

The headlines about FTX lately have mostly focused on things like Sam Bankman-Fried’s sneaky internet use or who posted his bail. The most important news, a decision that will shape how much the public may learn about FTX’s downfall, barely made a blip. newrepublic.com/article/170669…

Happy to see my work for Harvard's Safra Center for Ethics featured in Brendan Ballou's work on private equity. theatlantic.com/ideas/archive/…

Latest Court Opinion Review - Purdue, MDL "Reform," Tehum Plan, Richmond Craziness reorg.com/court-opinion-…

This one's tricky to handicap, I think

Indeed.

A lot rides on the fate of Purdue Pharma at the #SupremeCourt.

Nobody can figure out why pumping pension fund retirement money into #Bitcoin and #crypto when the sector is filled top-to-bottom with fraud is a horrific idea. "Nobody could have predicted it." 🦜

Wendell Berry

Nothing to See Here prospect.org/justice/2023-1…

The SBF trial is over, but we still have tons of unanswered questions about Sullivan & Cromwell, the law firm that helped build FTX, are currently in charge of FTX, and are conducting the FTX bankruptcy in utter secrecy. Good one here from libbylewis: prospect.org/justice/2023-1…

Chapter 11 can be a great place to hide what you want to hide...

While they were villainizing SBF, #FTX and its lawyers quietly got a bankruptcy judge to seal the names of people who've worked on FTX whom they've chosen to shield from liability. What's to shield?

SBF didn't push this regulatory scheme all by himself.Better Markets

How can this still be happening? US agency to watch unrecalled Takata inflators after one blows apart, injuring a driver in Chicago apnews.com/article/takata…

'Bankruptcy is the place where corporate responsibility comes to die.' Libby Lewis on how US bankruptcy law and corporate rights undermine the free market the-tls.co.uk/politics-socie…

I wrote for The TLS about new works of Mehrsa Baradaran and Melissa Jacoby that show how America lost its way in the realm of failure.

So much to read. But these two books tell us so much about how and why America is where it is now.

Smart journalism happening in N.C.: North Carolina lawmakers erode building code for years before Helene hit wbtv.com/2024/10/05/nor…

The future gravestone of American economy should definitely mention how financialization was one the major causes of its demise.