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Joined 1 year ago
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Cake day: July 13th, 2023

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  • Amazing. Thank you for guiding me there.

    The statements about payments of claims of customers and creditors in full is always caveated by the word “allowed” (see id. at 24). The expectation is that allowed claims will be paid in full if all of the hard work described above pays off (Id. at 24). The question remains, though, how one takes a filed claim and turns it into an allowed claim. One must first start at the total dollar amount of claims filed. That number is $23.6 quintillion dollars. (Id.). One quintillion is one billion billions. It is the number 1 followed by 18 zeros. The task of addressing filed claims and reducing them to their proper and “allowed” amount is monumental. Mr. Bankman-Fried assumes this is a breeze. He is wrong—very wrong.