Can the FTX meltdown get any more bizarre?
On a practical level, we can't imagine why or really even how FTX spent over $50k at Margaritaville. A bar tab? A weeks-long stay in the hotel's most expensive suite? An exorbitant number of Buffett's famous cheeseburgers? The Paradise Island location's yacht-docking services?
But we digress. The beachfront resort reportedly clocks in as Alameda's fourth largest creditor, ranking only behind Amazon Web Services, an international law firm, and Bloomberg. Talk about a Spotify Wrapped.man, likely isn't hurting for $50k. But if we were Bankman-Fried, we'd be scared. Not of jail time, but of Buffett's devoted fan base: the Parrotheads.
They might mostly be Boomers, but they're an intense crowd with a whole lot of retirement time on their hands. Plus, a lot of them are probably in the Bahamas already, and most of them probably have boats, too — don't even try to skip overseas. You can run, but if you cross their tequila-sipping overlord? There's no hiding from the Parrothead Mafia. They've got no shoes, no shirts, and nothing to lose.
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