Former SEC Chief of Staff likens Liquid Staking to Lehman, Crypto Sector Responds
Simply put Amanda Fischer, who previously worked as chief of staff for SEC Chair Gary Gensler, has drawn a parallel between liquid staking and risky financial practices that contributed to the downfall of Lehman Brothers. Some crypto lawyers and industry founders believe Fischer is overstating the SEC’s position. Fischer’s claims have been challenged by figures […]
California is ‘going bust,’ warns Robert Kiyosaki – who predicted 2008 Lehman collapse
Financial expert Robert Kiyosaki predicts a dire fate for the US state of California. The Rich Dad Company co-founder warned Monday during an appearance on “The Big Money Show” that California is “going bankrupt” due to financial mismanagement and residents fleeing the state. Kiyosaki, who predicted the collapse of Lehman Brothers in 2008, said California […]
Liquidation of China’s Evergrande has ‘a lot of similarities’ to Lehman Brothers, analyst says
Jeff Sica, founder of Circle Squared Alternative Investments, explains how AI’s “hype” could impact Apple, Alphabet, and Microsoft’s profits in Varney & Co. ” will be explained. Evergrande Group, the world’s most indebted Chinese real estate developer, defaulted in 2021, throwing China’s real estate market into turmoil. Now, a Hong Kong court has ordered the […]