The Looming SPAC Meltdown
- Thursday, November 19, 2020, 7:14
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What’s driving SPAC mania on Wall Street? Not the billionaires and bankers making headlines daily, but a mob of little-known hedge fund investors, the “SPAC Mafia,” who are incentivized to gobble up these opaque public offerings with little concern over whether they ultimately succeed or fail.
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