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If anyone in crypto billed themselves as the kind of actors who wouldn’t incinerate, misallocate, or steal customers’ money, it was Bankman-Fried and FTX.

The announcement of Ahmed’s resignation came hours after Mayor Lori Lightfoot defended her administration’s job overseeing COVID-19 vaccine supplies, even though Loretto and one other city partner have been shown to misallocate shots.

“They don’t burst on the first hint of tightening from central banks. They are run-away trains that misallocate capital, reshape the investment industry and end careers. They take some stopping.”

Unlike the center, we don't have the resources to misallocate and we do face real constraints.

In its report detailing the findings, the FCC wrote, “Overstating mobile broadband coverage misleads the public and can misallocate our limited universal service funds, and thus it must be met with meaningful consequences.”