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A comment on Exec who cleaned up Enron calls FTX mess 'unprecedented'. Parent comment

Re:Exec who cleaned up Enron calls FTX mess 'unprecedented' by nikanj on Friday November 18, 2022 @01:25PM (#33659350)
Basic rules as in ”when the funds move from corporate account to founder account, is it a dividend, a loan, a bonus, or something else”. Basic rules as in ”not printing our own tokens as collateral for our own loans”
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Re:Exec who cleaned up Enron calls FTX mess 'unprecedented' by danielmarkbruce on Friday November 18, 2022 @01:54PM (#33660019)
The first is a legal determination and maybe a contract issue. The accounting for it is easy - accounting for thousands/millions/billions of transactions is difficult.

The second is not an accounting issue, it's a combination of legal and business judgement.

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