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"Your Honor, It's a Mess" – The FTC's Attempt to Define Accessible Luxury (hntrbrk.com)
1 point by impish9208 on Sept 11, 2024 | hide | past | favorite | 1 comment


> Wall Street’s uncertainty may explain why the courthouse was packed on Monday morning — with crowds spilling into multiple overflow rooms — from which investors listened to arguments in-person.

> In the first overflow room on the 20th floor, a man in the front row yawned repeatedly. Behind him, in two more rows of men, another man — in the archetypal fleece vest of a “finance bro” — was listening intently.

> Across the room, there appeared to be more such vests than handbags: only about a quarter of the audience were women, a ratio seemingly mirrored in the video cast of the main courtroom. Another audience member with a tan, leather-looking handbag shared, “It’s just Kitayama, it’s not —” and gestured at the video-cast of the better-known brands rolled into the main courtroom.

> In the first overflow courtroom, the audio cut out minutes into the FTC’s opening statement. The audience groaned. Several rushed to the second overflow room, on the 23rd floor.

> “It’s not ready,” said the security guard outside.




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