Historic Mania in SPACs, IPOs. Huge Fees for Wall Street Banks. Mega Paydays for Insiders. Disdain for Valuations. Blind Faith that “This Time Its Different” – WOLF STREET

Another sign the zoo has gone nuts. If you dont have your own SPAC, youre nobody.
The business of SPACs is setting stunning records. A SPAC (special-purpose acquisition company) is a blank-check co… [+3730 chars]