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Dubai was tiny, Houston with sheikhs. Sam’s bid to turn CZ into a homeless fugitive was bound to get back to him. And yet Sam didn’t leave it at that. On October 30, when he returned to the Bahamas he tweeted a joke about CZ’s inability to shape US crypto regulations. “Uh, he is still allowed to go to DC, right?”
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Before he could do any of this, he needed to get rid of CZ. CZ still owned the stake in FTX that he had bought in late 2019 for $80 million. Relations between Binance and FTX had since deteriorated into simmering resentment. Binance was the class bully, FTX the class nerd,…
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
onerous
Hillary Jordan • Anonymous Sex
"The Argentine Exchange: Robbing Pedro to Pay Pablo" was the headline on the swap in a June 5 report by the independent research firm CreditSights. "The unambiguous winners from the exchange are the investment banks," said the report, written by Peter Petas. "The losers, ultimately, will be the Argentine people and whatever
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
DeCorrespondent-Article-RutgerBregman-01Mar23-English.pdf
againstmalaria.comSam had handed Ryan his checkbook and told him to buy office space and as much worker housing as fast as possible without worrying about the cost. No man was ever so good at not worrying about the cost as Ryan. In a matter of weeks, he had snapped up between $250 and $300 million in real estate, including $153 million worth of condos in an expensiv
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
When the accumulation drive hits short-term credit, real estate, and passive equity, that is when the party will really start.