Against the Rules On Background: Who Buys Distressed Assets?

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Andy Mitchell could be called a “doctor for business.” His firm, Lantern Asset Management, buys up businesses in immediate need of cash and willing to sell at bargain-basement prices. Michael Lewis calls up Mitchell to get the “distressed asset” angle on the company at the center of Lewis’s next book: the now extremely distressed crypto exchange, FTX. But along the way, we hear about other businesses on the skids, including the maker of Twinkies, and the Weinstein Company.

The Host

Michael Lewis

Michael Lewis, host of the podcast Against the Rules, has published many New York Times bestselling books, including The Fifth Risk, Flash Boys, and The Big Short. Movie versions of…