FTX isn't a Lehman Moment. Here's why.

Over the last week or so, I've seen a TONNE of posts describing the FTX disaster (and that is what it is, a fraudulent, unmitigated and damning disaster) as a 'Lehman Moment'.

I think there's a few reasons why people are referencing this, but it's wrong.
I want to dive into a little bit of economic and regulatory history, as well as the more realistic parallels.

So I called Tim and we had a chat about it all.

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