Most if not all of them are the result of financial engineering, rather than badly run companies. Guess who enables that type of shenanigans?
r_lee•1h ago
it seems like that a big part of the global, especially the US economy is mostly financial engineering, passing money around and valuing things arbitrarily, propping up the GDP numbers while the real economy just keeps getting worse
I just don't know how this can last
jordanb•1h ago
Funny that's how I would have described Jamie Dimon.
tyleo•49m ago
Why?
cosmicgadget•35m ago
> Even JPMorgan, which prides itself on what Dimon has dubbed a “fortress balance sheet,” suffered $170 million in losses linked to the Tricolor bankruptcy
I wonder if we'll see another wave of regional banks going under.
aynyc•1h ago
r_lee•1h ago
I just don't know how this can last