What could FTX learn from WF? Thoughts?
8 replies (most recent on top)
Crypto Currency = Ponzi Scheme.
Anything Crypto doesn’t have any value. It’s fake. It’s no different then a Ponzi Scheme. FTX is just the beginning. Bitcoin will be the ending. Sad, but many hard working people will loose their life savings. Total Crypto collapse is coming. It might take a few years to unravel but it’s coming.
Honestly we should all be leery of any crypto currencies.
Wells Fargo actually makes money.
There's your difference
End of story
FTX Had many loopholes. They took all your money. It was the master plan all along. Always read the fine print in the paperwork. Additionally, big ticket purchases, banking and investing always needs be done with the lawyers. Besides, the heritage of the CEO should’ve tipped you all off. They all come from a group with savvy business concepts. Never do business with people smarter than you, unless you lawyer up.
FTX didn't have the backing of the FDIC, otherwise they'd still be rocking and rolling, ripping people off left and right.
Sam was the 2nd largest donor to the democrat party.. no oversight for him
WF.. 180
WF Might be considered too big to fail.
Let me start with one . Both were led by megalomaniacal CEOs?