Looks like John Ray has a lot to say. Any thoughts on this LA Times article? (I was able to read it - no paywall)
Ray appears to be continuing is blame game.
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Ray and his team are continuing to milk the FTX cash cow for all its worth for personal gain. Michael Lewis’s recent comments put it well, I thought:
I’ve had interactions with very serious people in the world of corporate bankruptcy. And between the two of us, when we’re sitting over drinks, they say to me, “Our whole industry is a racket. It is absolute racket. It’s not about getting creditors back their money, it’s about maximizing our take.”…And what’s really disturbing to me is that the bankruptcy people encouraged the despair. The bankruptcy came and said, there’s nothing here, it’s all worthless. We’re going to do our best to clean up this stuff and have the fire sales and don’t have any hope. And people paid a real price for that hopelessness. And I don’t understand first why nobody’s paid much attention to that.
At least Ray’s finally going after Binance, albeit for the wrong reasons.
It’s a shame there’s so much self-righteous vitriol to wade through to get to the actual content of this article, but it’s an interesting update, so thanks!