Where Is the Discussion on FTX?

Question

edit: I must have missed some threads, see the comment below.---------------------------------This is --possibly the biggest financial crisis in the history of everything-- (edit: gross overstatement).But I don't see a thread on the front page until #24. Lots of new information is coming out every day, why aren't these articles reaching thousands of comments?

incomingpain · Accepted Answer

Many threads with lots of discussion.https://news.ycombinator.com/item?id=33641298https://news.ycombinator.com/item?id=33639397https://news.ycombinator.com/item?id=33639103https://news.ycombinator.com/item?id=33630150>why isn't this reaching thousands of comments?Every few years a pyramid scheme or investment scam hits the billion mark. Bernie Madoff, Jordan Belfort, etc. Shrug in my books.

whatwherewhy · Answer

> This is possibly the biggest financial crisis in the history of everything.Isn't that a huge hyperbole? I really don't see how it could even remotely resemble anything at all what it was like in 2008. It's no more than a footnote in practically every single country other than the US (and there probably too).

strangattractor · Answer

The conversation is happening in the privacy of the homes they bought with company funds. "biggest financial crisis in the history of everything" is a little over the top don't think.
https://www.thestreet.com/investing/cryptocurrency/ftx-emplo...
You should do a little more research on financial crises.
https://en.wikipedia.org/wiki/Savings_and_loan_crisis https://en.wikipedia.org/wiki/Great_Recession https://www.investopedia.com/terms/l/longtermcapital.asp
The list goes on and on and ..........