Like the #uk , #businesses in the #us are already #reporting #bankruptcy at 2010 levels: https://www.zerohedge.com/markets/start-.. It's already higher than 2008, and we've not even entered into #recession yet. Things are going to get super rough will quick.
Apparently #alexjones has #declared #bankruptcy https://www.zerohedge.com/political/alex.. For some reason, he has been #sued for $2 #billion #dollars (so far), more than the #gdp of small Countries! This, for an #opinion . How can they claim they have #experienced this scale of #damages is beyond me. #alexjones didn't actually #shootup a #school - not even the #muderer was #punished this much.
The person who dealt with the #bankruptcy of #enron is completely #shocked by the #ftx #finances and #leadership https://www.zerohedge.com/political/wors.. Apparently it is far *worse* than anything seen before, ever. Absolute madness.
The #ftx first day of #bankruptcy #declaration , and it's *bad* https://twitter.com/kadhim/status/159322.. The guy who cleaned up #elron 's mess was #shocked by what he saw. He claimed that of the little #paperwork they had, it's the worst he had seen. The #contagion from this will be very real. #ftx was the #crypto #company that #bailedout the other #crypto #companies , likely as a way of #washing their own bad #finances .
Interesting, it appears that tonnes of #crypto #coin #exchanges are looking at #bankruptcy https://fortune.com/2022/05/11/coinbase-.. We lost #luna the other day and people are looking into the #accounts of #tether and not finding anything good.
#hertz - just recovering from #bankruptcy - has now just put an #order in for 100k #tesla #vehicles https://www.bloomberg.com/news/articles/.. Madness. We'll see how that works out for them.