Moderators: MickeyDavis, paulpressey25
Plossum wrote:The FTX case will be interesting. Perhaps I’m a bit naive but I always saw it as a poorly run business as opposed to a scam. Clearly the DoJ sees it differently. SBF will be going to prison given the DoJ’s strike rate on convictions.
thonnisbeastley wrote:Plossum wrote:The FTX case will be interesting. Perhaps I’m a bit naive but I always saw it as a poorly run business as opposed to a scam. Clearly the DoJ sees it differently. SBF will be going to prison given the DoJ’s strike rate on convictions.
Was a full on scam
Kerb Hohl wrote:Bad Boy Mowers Arena. Beef'O'Brady's Arena.
I am admittedly influenced by bowl games here.
chonestown wrote:
Time for Husqvarna to make their move into the exciting world of sports arena sponsorship. The world may not need speculative assets you can put assets in quotation marks if that's your thing but the world will need quality powered saws and assorted landscaping tools for homeowners around the world.imo
chonestown wrote:
Time for Husqvarna to make their move into the exciting world of sports arena sponsorship. The world may not need speculative assets you can put assets in quotation marks if that's your thing but the world will need quality powered saws and assorted landscaping tools for homeowners around the world.imo
Scaramucci says SkyBridge can buy back FTX stake this year, alleges SBF committed fraud
SkyBridge Capital can buy back the stake it sold to collapsed cryptocurrency exchange FTX but the issue will likely take months to resolve, the investment firm’s founder Anthony Scaramucci told CNBC Friday,
“We’re waiting for the clearance from the bankruptcy people, the lawyers and the investment bankers to figure out exactly what we’re going to be buying back, and when,” he said, adding that the situation likely won’t be resolved “until probably the end of the first half of this year.
FTX bought a 30% stake in SkyBridge in September, before the crypto company filed for bankruptcy on Nov. 11.
The financier and short-term White House communications director also said that, in his opinion, it is now obvious that FTX’s former CEO and founder Sam Bankman-Fried, known as “SBF” and believed to be a friend of Scaramucci, broke the rules.
“I think it’s very clear now that there was fraud. We’ll of course have to let the legal system determine all of those things,” Scaramucci told CNBC.
https://www.cnbc.com/2023/01/13/scaramucci-says-skybridge-can-buy-back-ftx-stake-this-year-alleges-sbf-committed-fraud.html
Michael Chobanian, the founder of Kuna, confirmed to CNBC in a statement that the car belongs to him and the reason he parked there was purely out of convenience.
“The car is there because this is the closest parking spot that I found,” Chobanian said.
He also hit back at the critics of the car.
“How is the crash related to my property? I am [in the] crypto and finance industry for 10 years. I am not selling anything, nor promoting. If someone made bad decisions and lost money, it’s their fault and not my cars,” Chobanian said.
https://www.cnbc.com/2023/01/19/davos-mystery-of-orange-bitcoin-car-revealed-and-owner-slams-critics.html
vital_signs wrote:Anyone have experience with I Bonds? Moving my money around currently as the few quarters US Bank gives me monthly is a joke.
So far put some into an 11 month CD at 5% APY through Capital One. Opened up a high yield savings account through Capital One at 3.4%.
I know these Bonds are currently 6.89% but my only experience with bonds is savings bonds from my grandparents as bday and christmas gifts as a kid so I'm not entirely well versed on how to get the money out. What does the process look like?
paulpressey25 wrote:vital_signs wrote:Anyone have experience with I Bonds? Moving my money around currently as the few quarters US Bank gives me monthly is a joke.
So far put some into an 11 month CD at 5% APY through Capital One. Opened up a high yield savings account through Capital One at 3.4%.
I know these Bonds are currently 6.89% but my only experience with bonds is savings bonds from my grandparents as bday and christmas gifts as a kid so I'm not entirely well versed on how to get the money out. What does the process look like?
To buy the I Bonds, you need to set up an account with Treasury, and are limited to $10,000 per year. That said, when inflation is running high, you get the great returns people have gotten the past year, with no principal risk. Know people who started buying these 20-years ago, and have accumulated a nice holding of them. Can make sense as part of a portfolio, now that high rates are here.
Have to hold the bond for one year. The good news is that if you later sell, you get 100% of principal back, unlike other bonds that are priced at market, depending on interest rates. If you sell in the first five years, when cashing out, you lose the last three months interest.
