FTX’s victims are getting up to 143 percent of their money back, because the system treated it like the fraud it was. As the Steward case shows, that’s not usually how bankruptcy works.
Maureen Tkacik
Maureen Tkacik is investigations editor at the Prospect and a senior fellow at the American Economic Liberties Project.
Posted inHealth and Social Policy
A Hospital Heist Seeks Protection in the Ponzi-Friendliest Court in America
Steward Health just filed for bankruptcy in Houston’s scandal-plagued, private equity–pilled bankruptcy court.
Posted inTransportation
Whistleblower Laws That Protect Lawbreakers
The late whistleblower John Barnett described Boeing as a psychological torture chamber for anyone who cared about safety. A 2000 law makes fighting back nearly impossible.
Posted inTransportation
Suicide Mission
What Boeing did to all the guys who remember how to build a plane
Posted inAmerica and the World
What Really Happened on October 7?
And why, wonders a new Al Jazeera documentary, did the media go to such lengths to concoct gruesome X-rated versions of an attack that was harrowing enough to begin with?
Posted inLaw and Justice
The Strange Death of a Boeing Whistleblower
There’s no way America’s last great manufacturer murdered a prominent critic … is there?
Posted inHealth and Social Policy
‘Return What You Stole and Be a Man With Dignity’
Doctors didn’t think it was possible to loathe the world’s biggest health care profiteer any more. Then came the hack that set half their bookkeeping systems on fire.
Posted inHealth and Social Policy
UnitedHealth Exploits an ‘Emergency’ It Created
The Change ransomware attack left an Oregon medical practice with an empty bank account, and only one quick way to fix it: sell to UnitedHealth.
Posted inHealth and Social Policy
Zoomer Hackers Shut Down the Biggest Extortion Ring of All
A ransomware gang cripples UnitedHealthcare. Could a comprehensive antitrust investigation finish the job?
Posted inHealth and Social Policy
Scenes From the Bat Cave
How Steward Health left a Space Coast community hospital in a literal world of shit
