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The FTX Fiasco & Bankruptcy – A Sign of the Times

(11/15/22) The FTX fiasco and ensuing bankruptcy is symptomatic of the times; professionals are no better than amateur investors at this point in valuations and performing due diligence. The truth behind the "Santa Clause Rally," and what's really happening; get ready for sloppiness in December. FTX shenanigans & repercussions: How we got the SEC, Sarbanes-Oxley, & other regulations; "Stakeholder Capitalism" and corporate "responsibility" to take care of the world, because you're too stupid to take care of yourself: The experiment of COVID lockdowns: who's compliant? Pepsi's Points for a Harrier Jump-jet on Netflix; the Miami Heat cools on FTX's naming rights deal, and Bang Bros. wants in. Yellowstone, Tulsa King, Mayor of Kingston; Amazon layoffs: "It takes a lot of people to censor stuff." FedEx Freight furloughs: The economy is most certainly slowing down.

3:09 - What Ever Happened to Due Diligence & Valuation?
14:28 - FTX Shenanigans & Repercussions
30:30 - Sam Bankman-Fried Penthouse
32:32 - SBF Aspirations
33:54 - SBF, FTX, & "Stakeholder Capitalism"
44:27 - Pepsi Points & Porn Sites' Naming Rights

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Produced by Brent Clanton, Executive Producer
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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