Jul 12, 2022 • 25M

Listen to This Article: Return of the Great American Bubble Machine

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Albeit with new wrapping and new jargon, crypto has been infected by the same old problems of insider finance

Narrated by Jared Moore

Text Published 7/09/2022:

TK News by Matt Taibbi
Return of the Great American Bubble Machine
On May 12, 2022, just over fourteen years after the collapse of Bear Stearns, the New York Times announced another crash. In a story entitled, “Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic,” the lede read: A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies…
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9 months ago · 460 likes · 251 comments · Matt Taibbi

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