/biz/ - Business & Finance

>>52570922
>People shouldn't trust banks because the underlying framework that sustains them isn't real . Period.
This is rich coming from a Crypto guy. The banks have to file shitloads of disclosures to the SEC, and are burdened with a library of regulations.
>But since they keep things obscure on purpose
The banks got into deep shit because they were repackaging risky debt into obscure "safe investment vehicles", in ways that the SEC, Funds and even some of the Bank presidents didn't fully grasp. They got excessively cute and got burnt on it.

Operations like FTX are just mixing sheer incompetent record-keeping, illegal shenanigans, and opaque financials to destroy billions of dollars in investor money.

>>52439040
Almeda got all the monies and pretty much converted it to vapor. Read >>52437975, it lays it all out pretty much.

>>52419171
sneeeeeeeeed

>>49896674
It's just gone dude, don't ask silly questions.

That said, I'll never understand how shorts work. I've seen videos about it but I'm too much of a brainlet to get it.

>>13331459
It's the gains ghost.