Fed's Rosengren Warns WeWork Business Model Is Systemic Risk To Economy, May Foreshadow Extinction Event

The second half of the headline is me, not the Boston Fed head. I was trying to get busy reader to take a look at something by making a ZeroHedge headline more ZeroHedge-y.
First up, Friday, Sept. 20:

In a stunning rebuke, echoing very closely our own concerns, Boston Fed President Eric Rosengren has - without naming-names - called out the WeWork business model as being a systemic risk to the US economy....

But much more interestingly, the penultimate para from a post by NYU's Scott Galloway to which ZH directed us yesterday:

...Predictions:

• In the next 30 days, a series of explosive investigative journalism pieces will document breathtaking malfeasance at We.
• In the next 60 days, a state attorney general, SEC, or other regulatory body will launch a formal investigations into We.
• Over the next 12 months, SoftBank's Vision Fund will be shuttered.

—WeWTF, Part Deux

There's your extinction event.
HT, ZeroHedge's "The Mother Of All Party Crashers Took A Dump In The We IPO Punch Bowl"

We still have hope that SoftBank crashes and as noted last May:
"SoftBank mulls IPO of $100 billion Vision Fund"

Crap. As we've said on these pages a few times, a cash crunch to force the re-listing of ARM Holdings would have been nice....