"The Top Of Mount Stupid"
In the aftermath of the midterms and Trump's presidential announcement, the FTX scandal hasn't been a top story, even though some commentators are calling it worse than Enron. So far, in fact, nobody has noticed an odd coincidence that the scandal emerged within days of Elizabeth Holmes's sentencing for the Theranos hoax -- but both Caroline Ellison, the reputed queen of Sam Bankman-Fried's harem and CEO of Alameda Research, and Elizabeth Holmes were products of Stanford University. I did a quick check; Stanford produced 11 Nobel laureates since Elizabeth Holmes was on campus in 2002, but it's worth noting that Ellison and Holmes must hold ranks equivalent to the Nobel Prize among famous financial hoaxers, up there with Bernie Madoff, Ken Lay and Dennis Kozlowski. Two of them in just a decade! Remember as well that Madoff, Lay, and Kozlowski didn't achieve prominence until they were well into middle age; Holmes and Ellison emerged meteorically when they we...