FTX: The Dominoes of Financial Fraud Have Yet to Fall

Once assets are revealed as worth far less than claimed, insolvency is the inevitable result. If you haven't plowed through dozens of post-collapse commentaries on FTX, I'm saving you the trouble: here's a distillation of what matters going forward. If you're seeking a forensic accounting of FTX, others have done this work already. If you're seeking an ideological diatribe, you…