Federal Reserve Is Technically Bankrupt
The Federal Reserve purchased large amounts of government bonds and mortgage bonds to support the economy and financial markets during the COVID crisis, which has led to concerns that it is technically bankrupt. Behind closed doors, the report is already making the rounds in expert circles: if you follow the rules of sound commercial accounting, […]
Soros To Buy Bankrupt Vice Media
According to The Wall Street Journal, George Soros is planning to buy bankrupt Vice Media at a valuation of around $400 million. Vice Media, which once had a valuation of $5.7 billion, went woke and is now broke, is set to be acquired out of bankruptcy at a valuation of around $400 million by Fortress […]
Go First Files For Bankruptcy, Blames US Engine Maker
“Go First” has filed for bankruptcy with the National Company Law Tribunal in Delhi. Billionaire Nusli Wadia is blaming US engine maker Pratt & Whitney for the situation. Go Airlines, founded by billionaire Nusli Wadia, filed for bankruptcy on Tuesday with the low-cost carrier blaming US engine-maker Pratt & Whitney for grounding half of its […]
Vice Media Preparing To File For Bankruptcy
According to reports, Vice Media is preparing to file for bankruptcy after struggling to find a buyer. Vice Media Group, the swashbuckling, youth-skewing digital media brand, is preparing to file for bankruptcy. The company, which was valued at $5.7 billion in 2017, is considering the move after struggling to find a buyer, according to reports. It […]
Bankrupt Vatican Opens Its First Ever Luxury Shopping Mall
“Caput Mundi” Mall, the Vatican’s first ever luxury shopping mall, was opened just a stone’s throw from Saint Peter’s Basilica due to the financial bankruptcy it’s facing.
How A Country Goes Bankrupt, In 10 Steps
The past few decades of unnaturally easy money have created a world of “moral hazard” in which a ridiculous number of people borrowed far more than they should have. Now, with money getting tighter, not just businesses and individuals but some governments are staring at the “suddenly” part of that old saying about bankruptcy.
Times Square Crowne Plaza Hotel Goes Bankrupt
According to Bloomberg and The Real Deal, the owners of the Crowne Plaza Hotel in Times Square have filed for bankruptcy.
Midas Crypto Exchange Declares Bankruptcy
More than 60% of the assets under management at Midas were removed as a result of the failure of Celsius Network and FTX. As a result, Midas Crypto exchange is declaring bankruptcy.
How Two British Tech Entrepreneurs Drove $800 Million Travel Startup To Bankruptcy
Pollen had only recently disclosed a $150 million investment round from venture capital firms like Northzone and Lansdowne Partners. Nevertheless, this is how two British tech entrepreneurs drove $800 million travel startup to bankruptcy.
Giant Bitcoin Miner Core Scientific Files For Bankruptcy
In order to continue operating, Core Scientific had to liquidate 9,618 BTC in April as a direct consequence of a protracted bear market. Now, the giant Bitcoin miner Core Scientific has filed for bankruptcy.