revealing your relationship here. it does not seem at all clear that this long list of celebrities who helped to get so many people interested into it, helped to make ftx a household name, it is not clear at all that they internalized what the sec was saying at that time. ftx hired may be one of the biggest bankruptcy experts on the planet to take over the company. he stepped in and took over and run after the disaster. he put out a statement saying that this place is in absolute fiasco. he has never seen something so bad in his life. what could it mean for this company? what could the ramifications be? because they didn t just have celebrities endorsing it and burrows trading, they had the biggest investors on wall street backing them. i think that is absolutely right. we are seeing here not just the dollars and cents collapse of billions of dollars in wealth. i think what this is turning out to be is a broad indictment of a culture that was run on fear of missing out. on the narr
were unregulated, right? people went in with a true buy or beware. the government not here to bail you out. well, that is absolutely right. there isn t any of the insurance, right, the f t x backing that you would expect from a conventional form of wealth in this country. but it is also true, staff, that we have seen a endorsers get into trouble in the past. in this case, with the f t x. you remember congressional earlier this year wanda having to pay 1. 2 $6 million in fines because she had not revealed her relationship with the cryptocurrency companies that she was representing on this instagram. well, in this case, you know, what is funny is that at that time there was a statement put out by the fcc saying, you know, celebrity endorsers should be reminded that it is not okay to be endorsing this stuff without revealing your relationship here. it does not seem at all clear that this long list of celebrities who helped to get so many people interested into it, helped to make ftx a h
already charged the city more than $19 million. some bankruptcy experts say the proceedings could cost detroit toirs as much as $100 million. no jury service for noncitizens in california. the governor has vetoed a bill that would allow legal permanent residents to be on jury duty and the responsibility should only lie with citizens. a key sponsor plans to reintroduce the legislation next year. a popular short-term home renting service under fire in new york state. the attorney general there has now subpoenaed a company to hand over the names of the more than 225,000 people who have put their homes up on the service. the goal is to crack down on home renters who don t pay hotel taxes. the company plans to fight that subpoena and agreed recently to begin paying hotel taxes in new york city. so controversial book is being relieved today along with a documentary for front line on pbs about the risk of brain
time. chris: you ve talked about possibly have to sell city assets, including the international airport in detroit, including belle isle park, including the very valuable treasures at the detroit institute of art. is all that on the table? i said at the beginning everything is on the table. there s certainly questions regarding grandmother s fine china and heirloom silver we have to address, or not address. we ll try to rationalize it as best. chris: some bankruptcy experts since you made your filing this week saying you made a mistake. in fact, standard & poor s has dropped detroit s bond rating to its lowest level, that you ll have great difficulty, even if you restructure, going through this pain, in getting investors ever to trust the city if they go out and try to borrow again. uh-huh. chris, i ve heard that in many other contexts.
footprint of 139 miles, you can fit boston manhattan and san francisco into our footprint. it s a colossal piece of real estate. and i think there has been some disdense going back quite a ways in city leadership. the current leadership the mayor, tried to do the yeoman s job of getting his hands around this thing. he reduced government by 20%. chris, it s been well documented, a myopia a lack of focus on this problem for a long time. you ve talked about possibly having to sell city assets including the international airport in detroit including bell isle park, including the very valuable treasures at the detroit institute of art. is all that on the table, mr. orr? i said at the beginning everything s on the table. there are certainly questions regarding some of the grandmother s fine china and heirloom silver we have to address or not address. we re going to try to rationalize assets as best we can. some bankruptcy experts