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by JumpCrisscross 1278 days ago
“If you attract customers and investors by saying that you have good risk management, and then you lose their money, and then you say ‘oh sorry we had bad risk management,’ that is not a defense against fraud charges! That is a confession!”

https://www.bloomberg.com/opinion/articles/2022-12-13/how-to...

1 comments

Levine, as always, trotting out the bangers :)